SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,162 shares of the software maker's stock after purchasing an additional 11,730 shares during the period. Deutsche Bank AG owned 0.19% of SPS Commerce worth $13,461,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was 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 of the company's stock, valued at $202,429,783.68. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 9,465 shares of company stock worth $1,401,898. Insiders own 0.98% of the company's stock.

SPS Commerce Trading Down 1.1%

SPSC stock traded down $1.66 during mid-day trading on Monday, reaching $149.28. The company's stock had a trading volume of 107,550 shares, compared to its average volume of 242,959. The stock has a market cap of $5.67 billion, a PE ratio of 73.18 and a beta of 0.81. The company's 50 day moving average is $135.16 and its two-hundred day moving average is $161.76. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $179.57 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. On average, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SPSC shares. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Citigroup reduced their target price 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Piper Sandler cut 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. Finally, DA Davidson cut their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $195.38.

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.