SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Algert Global LLC

Algert Global LLC grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 86.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,525 shares of the software maker's stock after acquiring an additional 8,150 shares during the period. Algert Global LLC's holdings in SPS Commerce were worth $3,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC increased its position in shares of SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after acquiring an additional 44,946 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock worth $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after purchasing an additional 110 shares during the period. Van ECK Associates Corp raised its position in SPS Commerce by 35.7% during the 4th quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker's stock worth $5,505,000 after buying an additional 7,871 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in SPS Commerce by 75.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the software maker's stock valued at $1,288,000 after acquiring an additional 3,000 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPSC shares. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. DA Davidson decreased their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Northland Securities restated a "market perform" rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Finally, Robert W. Baird raised their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $198.11.

SPS Commerce Stock Down 0.8 %

NASDAQ SPSC traded down $1.09 during trading hours on Friday, hitting $144.04. 181,498 shares of the stock were exchanged, compared to its average volume of 241,244. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 70.61 and a beta of 0.81. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The stock has a 50-day moving average of $133.03 and a 200 day moving average of $162.62.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same period in the previous year, the business earned $0.86 earnings per share. SPS Commerce's quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Juckniess sold 2,591 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,465 shares of company stock worth $1,401,898. 0.98% of the stock is owned by company insiders.

About SPS Commerce

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.