Amica Retiree Medical Trust Buys 84 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Amica Retiree Medical Trust lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 518 shares of the software maker’s stock after purchasing an additional 84 shares during the period. Amica Retiree Medical Trust’s holdings in SPS Commerce were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SPSC. JPMorgan Chase & Co. boosted its position in SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after purchasing an additional 252,575 shares during the last quarter. Franklin Resources Inc. raised its holdings in SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after acquiring an additional 210,284 shares during the period. Raymond James Financial Inc. purchased a new position in SPS Commerce in the 4th quarter worth approximately $27,441,000. Geneva Capital Management LLC boosted its position in shares of SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after acquiring an additional 138,014 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of SPS Commerce by 18.3% during the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after purchasing an additional 104,769 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPSC shares. Robert W. Baird reduced their price target 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. Northland Securities reissued a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Piper Sandler decreased their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a 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 data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Trading Up 0.5 %

Shares of SPS Commerce stock opened at $135.65 on Thursday. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61. The stock’s fifty day moving average price is $155.43 and its 200-day moving average price is $176.44. The firm has a market cap of $5.12 billion, a P/E ratio of 66.50 and a beta of 0.92.

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

Insider Activity

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the 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 sale, the executive vice president now owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by company insiders.

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.