SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC raised its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,107 shares of the software maker's stock after buying an additional 6,433 shares during the period. WCM Investment Management LLC owned about 0.28% of SPS Commerce worth $20,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPSC. International Assets Investment Management LLC purchased a new position in SPS Commerce in the third quarter valued at $25,000. McGlone Suttner Wealth Management Inc. purchased a new position in SPS Commerce in the fourth quarter valued at $26,000. NBC Securities Inc. purchased a new position in SPS Commerce in the third quarter valued at $35,000. RiverPark Advisors LLC purchased a new position in SPS Commerce in the third quarter valued at $42,000. Finally, CVA Family Office LLC purchased a new position in SPS Commerce in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Insider Buying and Selling at SPS Commerce

In other news, Director Sven Wehrwein sold 2,408 shares of the company's stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. In other news, Director Sven Wehrwein sold 2,408 shares of the company's stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now owns 157,251 shares in the company, valued at $28,212,401.91. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock worth $12,122,275 in the last ninety days. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on SPSC. Needham & Company LLC reissued a "buy" rating and set a $205.00 target price on shares of SPS Commerce in a research note on Friday, February 9th. StockNews.com cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. Finally, Citigroup began coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They set a "buy" rating and a $216.00 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $199.67.

SPS Commerce Price Performance

SPSC traded down $0.25 on Friday, reaching $169.65. 205,244 shares of the company's stock were exchanged, compared to its average volume of 170,774. The stock has a market cap of $6.29 billion, a PE 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. The stock's fifty day moving average price is $183.73 and its 200-day moving average price is $179.33.

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

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.