D. E. Shaw & Co. Inc. Has $29.80 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

D. E. Shaw & Co. Inc. grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 96.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 161,954 shares of the software maker's stock after acquiring an additional 79,540 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.43% of SPS Commerce worth $29,798,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. BOKF NA lifted its stake in SPS Commerce by 11.1% in the 4th quarter. BOKF NA now owns 4,499 shares of the software maker's stock worth $806,000 after acquiring an additional 451 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of SPS Commerce during the 4th quarter valued at about $7,908,000. Bayesian Capital Management LP bought a new stake in SPS Commerce during the 4th quarter valued at approximately $498,000. Bank of America Corp DE boosted its stake in SPS Commerce by 0.4% during the 4th quarter. Bank of America Corp DE now owns 300,269 shares of the software maker's stock valued at $55,246,000 after purchasing an additional 1,224 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in SPS Commerce by 6.3% during the 4th quarter. Benjamin Edwards Inc. now owns 2,246 shares of the software maker's stock valued at $413,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,367,584 shares of the company's stock, valued at $202,429,783.68. This represents a 0.19% decrease in their position. The transaction 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 company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This trade represents a 0.05% decrease in their position. The disclosure for this sale can be found here. In 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.

SPS Commerce Stock Up 1.0%

Shares of SPSC traded up $1.42 on Friday, hitting $150.05. The company's stock had a trading volume of 76,997 shares, compared to its average volume of 333,772. The firm's fifty day moving average price is $134.67 and its 200-day moving average price is $161.98. SPS Commerce, Inc. has a fifty-two week low of $120.08 and a fifty-two week high of $218.61. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 73.59 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $179.57 million. During the same period in the previous year, the firm earned $0.86 EPS. SPS Commerce's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several analyst reports. Robert W. Baird raised their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Stifel Nicolaus decreased their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. DA Davidson decreased their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Northland Securities restated a "market perform" rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.38.

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.