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

International Assets Investment Management LLC grew its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 13,300.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,966 shares of the software maker's stock after purchasing an additional 19,817 shares during the period. International Assets Investment Management LLC owned about 0.05% of SPS Commerce worth $3,870,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY boosted its position in SPS Commerce by 3.6% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,232 shares of the software maker's stock worth $287,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of SPS Commerce by 8.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker's stock valued at $179,000 after acquiring an additional 79 shares during the period. Stifel Financial Corp boosted its position in shares of SPS Commerce by 0.3% in the third quarter. Stifel Financial Corp now owns 29,603 shares of the software maker's stock valued at $5,051,000 after acquiring an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPS Commerce by 21.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460 shares of the software maker's stock valued at $59,000 after acquiring an additional 80 shares during the period. Finally, Precision Wealth Strategies LLC boosted its position in shares of SPS Commerce by 3.9% in the third quarter. Precision Wealth Strategies LLC now owns 2,366 shares of the software maker's stock valued at $404,000 after acquiring an additional 88 shares during the period. Institutional investors own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

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

SPS Commerce Stock Down 1.0 %

Shares of SPSC stock traded down $1.65 during mid-day trading on Wednesday, reaching $161.70. 196,010 shares of the company's stock traded hands, compared to its average volume of 170,099. The company's 50-day moving average price is $182.72 and its 200-day moving average price is $179.12. The company has a market cap of $6.00 billion, a P/E ratio of 91.88 and a beta of 0.79. SPS Commerce, Inc. has a 12 month low of $140.00 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its 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. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. The business had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. Equities analysts predict that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO James J. Frome sold 12,887 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the completion of the sale, the chief operating officer now owns 44,369 shares of the company's stock, valued at approximately $7,954,030.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Archie C. Black sold 12,875 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company's stock, valued at approximately $16,137,034.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James J. Frome sold 12,887 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the sale, the chief operating officer now directly owns 44,369 shares of the company's stock, valued at approximately $7,954,030.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock valued at $12,122,275. 1.00% of the stock is owned by insiders.

About SPS Commerce

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.