SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,875 shares of the software maker’s stock after buying an additional 117 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in SPS Commerce were worth $1,633,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pathstone Holdings LLC lifted its holdings in shares of SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after buying an additional 54 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SPS Commerce by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock valued at $256,000 after buying an additional 55 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of SPS Commerce by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock valued at $237,000 after buying an additional 58 shares during the period. Amalgamated Bank lifted its holdings in shares of SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock valued at $2,025,000 after buying an additional 61 shares during the period. Finally, First Trust Direct Indexing L.P. raised its position in shares of SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPSC shares. Needham & Company LLC cut their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler cut their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock valued at $7,781,086 in the last three months. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $133.20 on Friday. SPS Commerce, Inc. has a fifty-two week low of $131.31 and a fifty-two week high of $218.61. The stock’s 50-day moving average is $175.15 and its two-hundred day moving average is $184.86. The firm has a market cap of $5.03 billion, a P/E ratio of 65.29 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.