Keybank National Association OH Has $764,000 Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Keybank National Association OH decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,152 shares of the software maker’s stock after selling 179 shares during the period. Keybank National Association OH’s holdings in SPS Commerce were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SPSC. Franklin Resources Inc. grew its stake in shares of SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after acquiring an additional 210,284 shares during the last quarter. FMR LLC grew its stake in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after acquiring an additional 104,769 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in SPS Commerce in the third quarter worth $17,128,000. Finally, Proficio Capital Partners LLC bought a new position in SPS Commerce in the fourth quarter worth $14,083,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $128.22 on Friday. The stock has a market cap of $4.84 billion, a PE ratio of 62.85 and a beta of 0.92. The business has a fifty day moving average of $168.40 and a two-hundred day moving average of $182.20. SPS Commerce, Inc. has a 52-week low of $125.95 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced 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 net margin of 12.08% and a return on equity of 12.27%. Analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPSC. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Citigroup reduced their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Piper Sandler reduced their target price 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. Finally, Robert W. Baird reduced their target price 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. Six 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 an average price target of $207.11.

Insider Activity

In related 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 completion of the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction dated Wednesday, December 18th. The stock was 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 owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is owned by corporate insiders.

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.