Tudor Investment Corp ET AL Purchases Shares of 3,021 SPS Commerce, Inc. (NASDAQ:SPSC)

Tudor Investment Corp ET AL acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,021 shares of the software maker's stock, valued at approximately $556,000.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the 4th quarter valued at approximately $40,000. Hurley Capital LLC acquired a new position in SPS Commerce during the fourth quarter worth about $41,000. Blue Trust Inc. grew 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 acquiring an additional 84 shares in the last quarter. R Squared Ltd purchased a new stake in SPS Commerce during the 4th quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce in the 4th quarter valued at about $57,000. Institutional investors own 98.96% of the company's stock.

Insider Transactions at SPS Commerce

In related news, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction 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 approximately $202,429,783.68. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares of the company's stock, valued at $361,974,568.56. This trade represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,465 shares of company stock worth $1,401,898 over the last ninety days. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Stock Up 0.8%

SPSC stock traded up $1.17 during trading on Tuesday, hitting $153.04. The company had a trading volume of 210,371 shares, compared to its average volume of 241,331. The firm has a 50-day moving average price of $133.39 and a 200-day moving average price of $162.29. The firm has a market cap of $5.81 billion, a PE ratio of 75.02 and a beta of 0.81. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61.

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

Wall Street Analysts Forecast Growth

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