Trust Point Inc. Takes $3.16 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Trust Point Inc. bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,321 shares of the software maker's stock, valued at approximately $3,164,000.

Several other large investors have also recently made changes to their positions in SPSC. Alliancebernstein L.P. increased its position in shares of SPS Commerce by 654.0% during the fourth quarter. Alliancebernstein L.P. now owns 676,583 shares of the software maker's stock valued at $86,894,000 after acquiring an additional 586,851 shares in the last quarter. Morgan Stanley increased its position in shares of SPS Commerce by 156.5% during the fourth quarter. Morgan Stanley now owns 800,226 shares of the software maker's stock valued at $102,773,000 after acquiring an additional 488,227 shares in the last quarter. Norges Bank bought a new stake in SPS Commerce in the 4th quarter worth approximately $42,215,000. Wellington Management Group LLP grew its position in SPS Commerce by 4,691.6% in the 3rd quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker's stock worth $47,415,000 after purchasing an additional 272,113 shares during the period. Finally, Comerica Bank bought a new stake in SPS Commerce in the 3rd quarter worth approximately $23,356,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the sale, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SPS Commerce news, CFO Kimberly K. Nelson sold 12,907 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total value of $2,315,644.87. Following the sale, the chief financial officer now owns 157,251 shares in the company, valued at approximately $28,212,401.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sven Wehrwein sold 2,408 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,688 shares of company stock worth $12,122,275. 1.20% of the stock is owned by corporate insiders.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $1.17 during mid-day trading on Wednesday, reaching $174.89. 169,312 shares of the company's stock traded hands, compared to its average volume of 169,297. SPS Commerce, Inc. has a 12 month low of $140.00 and a 12 month high of $218.74. The firm has a 50 day moving average price of $185.29 and a two-hundred day moving average price of $179.11. The firm has a market capitalization of $6.47 billion, a PE ratio of 99.37 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. The company had revenue of $144.97 million for the quarter, compared to analysts' expectations of $143.05 million. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $205.00 target price on shares of SPS Commerce in a research report on Friday, February 9th. StockNews.com downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Friday, March 15th. Finally, Citigroup assumed coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a "buy" rating and a $216.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $199.67.

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.