Millennium Management LLC Has $12.64 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Millennium Management LLC decreased its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,710 shares of the software maker's stock after selling 115,407 shares during the quarter. Millennium Management LLC owned 0.18% of SPS Commerce worth $12,642,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of SPS Commerce in the 4th quarter worth about $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce in the 4th quarter worth about $41,000. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd bought a new stake in shares of SPS Commerce in the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of SPS Commerce in the 4th quarter worth about $57,000. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

SPS Commerce stock traded down $0.36 during trading hours on Thursday, reaching $142.40. 26,955 shares of the company's stock traded hands, compared to its average volume of 322,651. 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 $5.41 billion, a price-to-earnings ratio of 69.80 and a beta of 0.81. The firm's 50 day moving average is $137.94 and its 200-day moving average is $160.24.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPSC shares. Robert W. Baird upped their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Piper Sandler decreased 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 price objective on shares of SPS Commerce in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, DA Davidson decreased their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and a consensus target price of $195.38.

SPS Commerce 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.