Nebula Research & Development LLC Has $1.80 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Nebula Research & Development LLC raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 237.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,790 shares of the software maker's stock after purchasing an additional 6,893 shares during the quarter. Nebula Research & Development LLC's holdings in SPS Commerce were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPSC. Barclays PLC grew its holdings in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after acquiring an additional 44,946 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock worth $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of SPS Commerce by 2.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after purchasing an additional 110 shares during the last quarter. Synovus Financial Corp acquired a new stake in SPS Commerce during the third quarter valued at approximately $1,809,000. Finally, JPMorgan Chase & Co. lifted its stake in SPS Commerce by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker's stock valued at $49,404,000 after purchasing an additional 104,210 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded down $1.09 during midday trading on Thursday, hitting $142.43. 260,934 shares of the stock were exchanged, compared to its average volume of 238,636. The business's fifty day simple moving average is $131.78 and its two-hundred day simple moving average is $165.26. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The company has a market capitalization of $5.41 billion, a PE ratio of 69.82 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. The business had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The firm's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now owns 147,002 shares of the company's stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,755 shares of company stock worth $3,084,225. 0.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPSC. Citigroup dropped their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Stifel Nicolaus decreased their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Northland Securities restated a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and an average price target of $198.11.

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.