SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Raised by Numerai GP LLC

Numerai GP LLC raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 486.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,924 shares of the software maker's stock after buying an additional 6,573 shares during the period. Numerai GP LLC's holdings in SPS Commerce were worth $1,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in SPS Commerce by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock worth $852,032,000 after buying an additional 67,687 shares during the period. FMR LLC grew its position in shares of SPS Commerce by 109.7% during the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after buying an additional 742,686 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after acquiring an additional 191,740 shares during the period. Geneva Capital Management LLC increased its position in shares of SPS Commerce by 31.1% during the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after purchasing an additional 138,014 shares during the last quarter. Finally, Northern Trust Corp raised its stake in SPS Commerce by 11.3% in the 4th quarter. Northern Trust Corp now owns 510,041 shares of the software maker's stock worth $93,842,000 after purchasing an additional 51,839 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SPSC shares. Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $195.38.

SPS Commerce Stock Down 1.0%

SPSC stock traded down $1.46 during midday trading on Monday, reaching $149.48. The company's stock had a trading volume of 24,091 shares, compared to its average volume of 242,634. The stock has a market cap of $5.68 billion, a PE ratio of 73.31 and a beta of 0.81. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61. The business's 50-day simple moving average is $135.16 and its 200-day simple moving average is $161.76.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. The business had revenue of $181.55 million for 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%. SPS Commerce's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the business'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 sale, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,465 shares of company stock valued at $1,401,898. Corporate insiders own 0.98% of the company's stock.

SPS Commerce 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.