International Assets Investment Management LLC Purchases 19,817 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

International Assets Investment Management LLC grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 13,300.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,966 shares of the software maker's stock after purchasing an additional 19,817 shares during the quarter. International Assets Investment Management LLC owned approximately 0.05% of SPS Commerce worth $3,870,000 as of its most recent SEC filing.

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

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 5,965 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $183.17, for a total value of $1,092,609.05. Following the transaction, the chief financial officer now owns 147,553 shares in the company, valued at approximately $27,027,283.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kimberly K. Nelson sold 5,965 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the transaction, the chief financial officer now directly owns 147,553 shares of the company's stock, valued at approximately $27,027,283.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Archie C. Black sold 8,723 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the sale, the director now owns 71,852 shares of the company's stock, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock worth $5,186,345 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com lowered SPS Commerce from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. Needham & Company LLC restated a "buy" rating and issued a $205.00 price target on shares of SPS Commerce in a report on Friday. Citigroup lifted their price target on shares of SPS Commerce from $213.00 to $222.00 and gave the company a "buy" rating in a research note on Friday. William Blair reissued a "market perform" rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Robert W. Baird boosted their target price on SPS Commerce from $172.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average price target of $197.43.

SPS Commerce Stock Performance

Shares of SPS Commerce stock traded down $1.07 on Friday, hitting $192.45. The company had a trading volume of 164,396 shares, compared to its average volume of 224,353. SPS Commerce, Inc. has a 1 year low of $151.63 and a 1 year high of $218.74. The stock has a 50 day moving average of $178.91 and a 200-day moving average of $180.34. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 105.16 and a beta of 0.81.

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