Russell Investments Group Ltd. Buys 10,858 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Russell Investments Group Ltd. grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,292 shares of the software maker's stock after buying an additional 10,858 shares during the period. Russell Investments Group Ltd. owned 0.17% of SPS Commerce worth $12,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce during the 4th quarter worth approximately $26,000. NBC Securities Inc. purchased a new position in shares of SPS Commerce during the 3rd quarter valued at $35,000. CVA Family Office LLC bought a new position in shares of SPS Commerce in the fourth quarter worth $44,000. RiverPark Advisors LLC purchased a new stake in shares of SPS Commerce in the third quarter worth $42,000. Finally, Operose Advisors LLC bought a new stake in SPS Commerce during the third quarter valued at $46,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were 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 directly owns 15,747 shares in the company, valued at $3,102,631.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the firm'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 approximately $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 5,197 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total transaction of $974,125.68. Following the transaction, the chief financial officer now directly owns 153,518 shares of the company's stock, valued at $28,775,413.92. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock worth $5,186,345 over the last three months. Company insiders own 1.00% of the company's stock.

SPS Commerce Trading Up 0.2 %

Shares of SPSC stock traded up $0.34 during trading hours on Friday, hitting $182.41. 186,854 shares of the company's stock were exchanged, compared to its average volume of 221,489. The company has a market capitalization of $6.75 billion, a PE ratio of 99.68 and a beta of 0.81. SPS Commerce, Inc. has a 12-month low of $147.90 and a 12-month high of $218.74. The business's 50 day simple moving average is $178.39 and its 200-day simple moving average is $179.55.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. Equities analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird upped their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, April 26th. William Blair reaffirmed a "market perform" rating on shares of SPS Commerce in a research note on Thursday, April 25th. StockNews.com lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Friday, March 15th. Citigroup began coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They issued a "buy" rating and a $216.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.57.

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.