Ameriprise Financial Inc. Has $140.88 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Ameriprise Financial Inc. grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 765,709 shares of the software maker's stock after buying an additional 191,740 shares during the quarter. Ameriprise Financial Inc. owned 2.04% of SPS Commerce worth $140,882,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Tidal Investments LLC grew its stake in SPS Commerce by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 1,937 shares of the software maker's stock valued at $376,000 after purchasing an additional 265 shares in the last quarter. Franklin Resources Inc. increased its holdings in SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock worth $84,747,000 after purchasing an additional 210,284 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of SPS Commerce by 18.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,040 shares of the software maker's stock valued at $191,000 after purchasing an additional 160 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of SPS Commerce by 58.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker's stock valued at $34,285,000 after buying an additional 69,029 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

SPS Commerce stock traded down $1.09 during trading hours on Friday, hitting $144.04. The company had a trading volume of 181,498 shares, compared to its average volume of 240,937. The firm's fifty day moving average is $133.03 and its 200-day moving average is $162.81. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61. The firm has a market capitalization of $5.47 billion, a P/E ratio of 70.61 and a beta of 0.81.

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

Insiders Place Their Bets

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction on Wednesday, February 19th. The shares were 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 of the company's stock, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the business'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 completion of the sale, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,465 shares of company stock valued at $1,401,898 over the last ninety days. Corporate insiders own 0.98% of the company's stock.

Analyst Ratings Changes

SPSC has been the topic of a number of recent analyst reports. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Piper Sandler dropped their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a 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. Northland Securities restated a "market perform" rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $198.11.

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.