Allspring Global Investments Holdings LLC Has $41.56 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Allspring Global Investments Holdings LLC decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,391 shares of the software maker's stock after selling 103,910 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.58% of SPS Commerce worth $41,558,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of SPS Commerce by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker's stock valued at $725,186,000 after buying an additional 33,874 shares during the last quarter. Raymond James & Associates increased its holdings in shares of SPS Commerce by 5.3% in the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker's stock valued at $21,153,000 after acquiring an additional 5,456 shares during the last quarter. Northern Trust Corp raised its position in shares of SPS Commerce by 1.0% during the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker's stock valued at $83,780,000 after acquiring an additional 4,764 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPS Commerce by 28.4% in the third quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker's stock worth $33,316,000 after purchasing an additional 43,191 shares during the period. Finally, Comerica Bank acquired a new stake in shares of SPS Commerce during the third quarter worth $23,356,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Analysts Set New Price Targets

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

SPS Commerce Price Performance

Shares of SPSC traded down $0.25 during mid-day trading on Friday, reaching $169.65. The company had a trading volume of 172,044 shares, compared to its average volume of 169,291. The company's 50-day moving average is $183.73 and its 200-day moving average is $179.19. The company has a market capitalization of $6.29 billion, a P/E ratio of 96.39 and a beta of 0.79. SPS Commerce, Inc. has a twelve month low of $140.00 and a twelve month high of $218.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,408 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares in the company, valued at approximately $3,102,631.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 of the company's stock, valued at $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the completion of the sale, the chief financial officer now owns 147,553 shares in the company, valued at $27,027,283.01. The disclosure for this sale can be found here. Insiders have sold a total of 66,688 shares of company stock valued at $12,122,275 over the last 90 days. 1.20% of the stock is owned by company insiders.

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.