Barclays PLC Has $12.73 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Barclays PLC grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,192 shares of the software maker's stock after purchasing an additional 2,805 shares during the period. Barclays PLC owned 0.18% of SPS Commerce worth $12,730,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce during the 4th quarter worth $41,000. Blue Trust Inc. lifted its stake in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd acquired a new position in SPS Commerce in the 4th quarter worth approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the fourth quarter valued at $57,000. Institutional investors own 98.96% of the company's stock.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPSC has been the subject of a number of research reports. Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday. Robert W. Baird upped their price target on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday. Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, DA Davidson lowered their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $198.11.

SPS Commerce Stock Down 0.9 %

SPSC stock traded down $1.22 during trading on Friday, hitting $137.81. The company had a trading volume of 644,911 shares, compared to its average volume of 236,392. The firm has a 50-day moving average price of $131.91 and a 200-day moving average price of $166.41. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 67.55 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities 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.