Whittier Trust Co. of Nevada Inc. Acquires 525 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,087 shares of the software maker’s stock after purchasing an additional 525 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in SPS Commerce were worth $2,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. grew its stake in SPS Commerce by 3.7% in the 4th quarter. Whittier Trust Co. now owns 24,827 shares of the software maker’s stock valued at $4,568,000 after buying an additional 893 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock valued at $1,476,000 after purchasing an additional 91 shares during the last quarter. Magnetar Financial LLC increased its stake in shares of SPS Commerce by 20.7% during the fourth quarter. Magnetar Financial LLC now owns 3,348 shares of the software maker’s stock worth $616,000 after purchasing an additional 575 shares during the period. Teacher Retirement System of Texas lifted its holdings in SPS Commerce by 2.4% during the 4th quarter. Teacher Retirement System of Texas now owns 40,877 shares of the software maker’s stock worth $7,521,000 after purchasing an additional 955 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in SPS Commerce by 1.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,651 shares of the software maker’s stock valued at $2,328,000 after purchasing an additional 124 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SPS Commerce

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 completion of the transaction, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPSC. Piper Sandler dropped their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Robert W. Baird decreased their target price 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 dropped their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Up 1.4 %

SPS Commerce stock opened at $130.13 on Friday. The stock has a market cap of $4.92 billion, a PE ratio of 63.79 and a beta of 0.92. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61. The business’s 50-day moving average price is $157.25 and its two-hundred day moving average price is $177.36.

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