Stephens Investment Management Group LLC Acquires 1,135 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Investment Management Group LLC lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,437 shares of the software maker’s stock after acquiring an additional 1,135 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.32% of SPS Commerce worth $21,975,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Entropy Technologies LP boosted its position in SPS Commerce by 52.2% during the fourth quarter. Entropy Technologies LP now owns 2,916 shares of the software maker’s stock worth $537,000 after purchasing an additional 1,000 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of SPS Commerce by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 21,350 shares of the software maker’s stock worth $3,928,000 after buying an additional 181 shares during the period. E. Ohman J or Asset Management AB grew its stake in SPS Commerce by 3.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 12,810 shares of the software maker’s stock valued at $2,357,000 after buying an additional 368 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in SPS Commerce by 3.1% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,179 shares of the software maker’s stock valued at $1,689,000 after acquiring an additional 275 shares during the period. Finally, R Squared Ltd acquired a new stake in SPS Commerce during the fourth quarter worth approximately $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPSC shares. Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Stifel Nicolaus decreased their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Piper Sandler assumed coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Wednesday, January 15th. Finally, Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $219.22.

SPS Commerce Price Performance

Shares of SPSC opened at $178.31 on Monday. The firm has a 50 day simple moving average of $188.67 and a two-hundred day simple moving average of $190.13. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The company has a market cap of $6.70 billion, a P/E ratio of 85.32 and a beta of 0.88.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,230 shares of company stock valued at $6,379,187. Corporate insiders own 1.00% of the company’s stock.

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.