Price T Rowe Associates Inc. MD Has $67.12 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Price T Rowe Associates Inc. MD decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,768 shares of the software maker's stock after selling 16,229 shares during the period. Price T Rowe Associates Inc. MD owned 0.97% of SPS Commerce worth $67,115,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the 4th quarter worth about $40,000. Hurley Capital LLC bought a new position in SPS Commerce during the 4th quarter worth approximately $41,000. Blue Trust Inc. increased its stake in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares during the period. R Squared Ltd bought a new stake in SPS Commerce in the fourth quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $57,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Trading Up 1.2 %

Shares of NASDAQ SPSC traded up $1.70 during trading on Friday, reaching $143.79. The company had a trading volume of 469,608 shares, compared to its average volume of 240,443. The stock has a market capitalization of $5.46 billion, a PE ratio of 70.49 and a beta of 0.89. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The stock has a 50-day moving average price of $131.87 and a two-hundred day moving average price of $164.89.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. During the same period last year, the company earned $0.86 EPS. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Northland Securities reissued a "market perform" rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce 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 report on Monday, January 27th. DA Davidson cut their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus reduced their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.11.

Insider Buying and Selling at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of the company's 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. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the transaction, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. This trade represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,755 shares of company stock valued at $3,084,225 over the last ninety days. 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.