Marshall Wace LLP Acquires New Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Marshall Wace LLP acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,267 shares of the software maker's stock, valued at approximately $2,441,000.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the fourth quarter valued at about $40,000. Hurley Capital LLC bought 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% in 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 period. R Squared Ltd bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in SPS Commerce in the fourth quarter worth $57,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

Shares of SPSC traded up $1.51 during mid-day trading on Wednesday, hitting $143.51. 448,408 shares of the stock were exchanged, compared to its average volume of 239,079. The firm has a 50-day moving average of $131.74 and a two-hundred day moving average of $165.41. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The company has a market cap of $5.46 billion, a PE ratio of 70.35 and a beta of 0.89.

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

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 1,367,584 shares of the company's stock, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 over the last ninety days. Company insiders own 0.98% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SPSC. Northland Securities reissued a "market perform" rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Robert W. Baird upped their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Citigroup decreased 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 dropped their target price 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $198.11.

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.