SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,258 shares of the software maker’s stock after acquiring an additional 200 shares during the period. Bouvel Investment Partners LLC’s holdings in SPS Commerce were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of SPS Commerce by 10.3% during the second quarter. Commonwealth Equity Services LLC now owns 2,493 shares of the software maker’s stock worth $469,000 after purchasing an additional 232 shares during the period. Envestnet Asset Management Inc. raised its stake in SPS Commerce by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 220,341 shares of the software maker’s stock worth $41,459,000 after acquiring an additional 2,060 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SPS Commerce by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after acquiring an additional 12,552 shares during the last quarter. Wealth Alliance lifted its holdings in SPS Commerce by 10.0% in the second quarter. Wealth Alliance now owns 1,855 shares of the software maker’s stock worth $349,000 after acquiring an additional 169 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of SPS Commerce by 12.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,681 shares of the software maker’s stock valued at $1,069,000 after purchasing an additional 629 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insider Activity at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPSC. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Wednesday. Stifel Nicolaus lowered their price target on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Robert W. Baird raised their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Piper Sandler started coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

SPS Commerce Price Performance

SPSC opened at $191.42 on Friday. The business has a 50-day moving average of $188.03 and a 200-day moving average of $191.31. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The company has a market capitalization of $7.19 billion, a PE ratio of 91.59 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

About SPS Commerce

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.