Bayesian Capital Management LP Makes New $498,000 Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Bayesian Capital Management LP bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,709 shares of the software maker's stock, valued at approximately $498,000.

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

SPS Commerce Trading Up 4.0%

SPSC traded up $5.79 on Monday, hitting $149.66. 49,056 shares of the company's stock were exchanged, compared to its average volume of 240,491. The stock has a fifty day moving average of $133.03 and a two-hundred day moving average of $162.42. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The firm has a market cap of $5.68 billion, a PE ratio of 73.00 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. The firm had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SPSC shares. DA Davidson dropped their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler dropped their price target 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. Robert W. Baird lifted their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus cut their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $198.11.

Insider Buying and Selling

In related news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. This represents a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,465 shares of company stock worth $1,401,898 in the last quarter. 0.98% of the stock is currently 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.