B. Metzler seel. Sohn & Co. AG Has $3.30 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

B. Metzler seel. Sohn & Co. AG grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,933 shares of the software maker’s stock after buying an additional 1,565 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in SPS Commerce were worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after buying an additional 67,687 shares in the last quarter. State Street Corp lifted its position in shares of SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after acquiring an additional 16,357 shares during the period. Geode Capital Management LLC grew its holdings in shares of SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after purchasing an additional 14,174 shares in the last quarter. FMR LLC increased its position in shares of SPS Commerce by 18.3% during the third 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 period. Finally, Geneva Capital Management LLC raised its stake in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after purchasing an additional 138,014 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC opened at $134.25 on Wednesday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 65.81 and a beta of 0.92. The stock has a fifty day moving average price of $150.97 and a two-hundred day moving average price of $174.97. SPS Commerce, Inc. has a 52-week low of $122.58 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%. As a group, research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on 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 of the company’s stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,864 shares of company stock worth $6,613,078. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPSC. Robert W. Baird decreased 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 note on Tuesday, February 11th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Citigroup cut 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. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

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.