Wealth Alliance Sells 225 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Alliance reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,561 shares of the software maker’s stock after selling 225 shares during the quarter. Wealth Alliance’s holdings in SPS Commerce were worth $287,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after acquiring an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce in the third quarter worth about $3,178,000. Synovus Financial Corp bought a new stake in shares of SPS Commerce in the third quarter worth about $1,809,000. JPMorgan Chase & Co. increased its holdings in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after acquiring an additional 16,357 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on SPSC. Northland Securities restated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup decreased their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Stifel Nicolaus decreased their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Piper Sandler decreased their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Robert W. Baird decreased their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $141.22 on Friday. The stock has a 50 day moving average price of $179.85 and a 200 day moving average price of $186.50. SPS Commerce, Inc. has a 52 week low of $139.59 and a 52 week high of $218.61. The stock has a market capitalization of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88.

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

Insider Activity

In other news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the sale, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,695 shares of company stock valued at $7,781,086 over the last three months. Insiders own 1.00% of the company’s stock.

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.