Schonfeld Strategic Advisors LLC Has $1.98 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 267.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,750 shares of the software maker's stock after buying an additional 7,822 shares during the period. Schonfeld Strategic Advisors LLC's holdings in SPS Commerce were worth $1,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPSC. SBI Securities Co. Ltd. bought a new stake in shares of SPS Commerce during the 4th quarter valued at about $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce during the 4th quarter valued at about $41,000. Blue Trust Inc. boosted its stake in SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares during the period. R Squared Ltd acquired a new position in SPS Commerce during the 4th quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the 4th quarter valued at about $57,000. Institutional investors own 98.96% of the company's stock.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at $202,429,783.68. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This represents a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,465 shares of company stock valued at $1,401,898 over the last ninety days. Insiders own 0.98% of the company's stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded down $1.09 during trading on Friday, reaching $144.04. The company had a trading volume of 181,498 shares, compared to its average volume of 241,244. The firm's fifty day moving average is $133.03 and its 200 day moving average is $162.42. The firm has a market capitalization of $5.47 billion, a PE ratio of 70.61 and a beta of 0.81. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPSC shares. Needham & Company LLC reissued a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Northland Securities reissued a "market perform" rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. DA Davidson reduced their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, Citigroup reduced their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and an average price target of $198.11.

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.