Great Lakes Advisors LLC Sells 185 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Great Lakes Advisors LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,205 shares of the software maker’s stock after selling 185 shares during the quarter. Great Lakes Advisors LLC’s holdings in SPS Commerce were worth $774,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in SPS Commerce by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after purchasing an additional 16,272 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in SPS Commerce during the 3rd quarter valued at about $3,178,000. Mutual of America Capital Management LLC grew its position in SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 110 shares during the last quarter. Finally, Synovus Financial Corp purchased a new stake in SPS Commerce during the 3rd quarter valued at about $1,809,000. 98.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPSC shares. Citigroup cut their price objective 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 reissued a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Robert W. Baird cut their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC cut their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Up 5.2 %

Shares of NASDAQ SPSC opened at $129.43 on Friday. The company has a market cap of $4.89 billion, a PE ratio of 63.45 and a beta of 0.92. The firm’s 50-day moving average price is $162.61 and its 200-day moving average price is $179.65. SPS Commerce, Inc. has a 52-week low of $122.58 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.