SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 127,150 shares of the software maker’s stock after buying an additional 9,293 shares during the quarter. SPS Commerce accounts for 3.1% of Summit Creek Advisors LLC’s portfolio, making the stock its 7th biggest position. Summit Creek Advisors LLC’s holdings in SPS Commerce were worth $23,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in SPS Commerce by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock valued at $852,032,000 after acquiring an additional 67,687 shares during the period. LPL Financial LLC boosted its stake in SPS Commerce by 13.0% in the fourth quarter. LPL Financial LLC now owns 46,561 shares of the software maker’s stock valued at $8,674,000 after acquiring an additional 5,353 shares during the period. KLP Kapitalforvaltning AS acquired a new position in SPS Commerce in the fourth quarter valued at approximately $1,417,000. Hillsdale Investment Management Inc. boosted its stake in SPS Commerce by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 30,680 shares of the software maker’s stock valued at $5,645,000 after acquiring an additional 200 shares during the period. Finally, Sei Investments Co. boosted its stake in SPS Commerce by 2.1% in the fourth quarter. Sei Investments Co. now owns 121,078 shares of the software maker’s stock valued at $22,277,000 after acquiring an additional 2,525 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Price Performance

SPSC opened at $130.13 on Monday. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 63.79 and a beta of 0.92. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The business has a 50 day moving average price of $157.25 and a two-hundred day moving average price of $177.17.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction 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 directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,864 shares of company stock valued at $6,613,078. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Northland Securities reiterated 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 reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price objective 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

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.