Voya Investment Management LLC Has $27.11 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Voya Investment Management LLC reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 147,329 shares of the software maker's stock after selling 21,384 shares during the quarter. Voya Investment Management LLC owned approximately 0.39% of SPS Commerce worth $27,107,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in SPS Commerce by 209.6% in the 3rd 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. Tidal Investments LLC increased its stake in shares of SPS Commerce by 15.8% in the third quarter. Tidal Investments LLC now owns 1,937 shares of the software maker's stock worth $376,000 after purchasing an additional 265 shares during the period. Synovus Financial Corp acquired a new position in shares of SPS Commerce during the 3rd quarter worth about $1,809,000. Franklin Resources Inc. grew its holdings in SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in SPS Commerce by 27.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 283,685 shares of the software maker's stock worth $55,083,000 after buying an additional 61,907 shares during the period. Institutional investors own 98.96% of the company's stock.

SPS Commerce Trading Down 1.0 %

Shares of SPS Commerce stock traded down $1.42 during trading on Thursday, reaching $142.09. The company's stock had a trading volume of 487,540 shares, compared to its average volume of 239,503. The stock has a 50-day moving average price of $131.78 and a two-hundred day moving average price of $165.26. The stock has a market capitalization of $5.40 billion, a P/E ratio of 69.65 and a beta of 0.89. SPS Commerce, Inc. has a one year low of $120.09 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $179.57 million. During the same period in the prior year, the firm earned $0.86 earnings per share. SPS Commerce's revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPSC shares. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. 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 price objective 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. Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird lifted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.11.

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,755 shares of company stock worth $3,084,225 over the last three months. 0.98% of the stock is currently owned by company insiders.

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.