Moody Aldrich Partners LLC Sells 1,055 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody Aldrich Partners LLC reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,039 shares of the software maker’s stock after selling 1,055 shares during the quarter. SPS Commerce comprises 1.3% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 21st largest position. Moody Aldrich Partners LLC owned approximately 0.10% of SPS Commerce worth $6,999,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPSC. Bank of Montreal Can boosted its position in shares of SPS Commerce by 5.3% during the second quarter. Bank of Montreal Can now owns 11,402 shares of the software maker’s stock valued at $2,149,000 after purchasing an additional 572 shares in the last quarter. Xponance Inc. boosted its position in shares of SPS Commerce by 6.0% during the second quarter. Xponance Inc. now owns 2,360 shares of the software maker’s stock valued at $444,000 after purchasing an additional 134 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of SPS Commerce by 19.2% during the second quarter. AQR Capital Management LLC now owns 14,856 shares of the software maker’s stock valued at $2,795,000 after purchasing an additional 2,391 shares in the last quarter. Millennium Management LLC boosted its holdings in SPS Commerce by 4.3% in the second quarter. Millennium Management LLC now owns 97,036 shares of the software maker’s stock worth $18,258,000 after acquiring an additional 4,045 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in SPS Commerce by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 21,716 shares of the software maker’s stock worth $4,086,000 after acquiring an additional 934 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated 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 owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $196.00 on Wednesday. The company has a market cap of $7.36 billion, a P/E ratio of 93.78 and a beta of 0.88. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The stock’s fifty day moving average price is $189.92 and its 200-day moving average price is $191.47.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus dropped their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Robert W. Baird boosted their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Piper Sandler assumed coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $219.22.

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.