Janney Montgomery Scott LLC grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 26.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,673 shares of the software maker’s stock after purchasing an additional 558 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPS Commerce were worth $343,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SPSC. Ellevest Inc. grew its holdings in shares of SPS Commerce by 886.2% in the third quarter. Ellevest Inc. now owns 286 shares of the software maker’s stock valued at $36,000 after purchasing an additional 257 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of SPS Commerce by 96.9% in the third quarter. Harbor Investment Advisory LLC now owns 315 shares of the software maker’s stock valued at $39,000 after purchasing an additional 155 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of SPS Commerce in the third quarter valued at approximately $62,000. EverSource Wealth Advisors LLC acquired a new position in SPS Commerce during the 3rd quarter worth approximately $64,000. Finally, Quadrant Capital Group LLC grew its holdings in SPS Commerce by 440.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 865 shares of the software maker’s stock worth $107,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.
Insider Buying and Selling
In related news, Director Sven Wehrwein sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $145.37, for a total value of $145,370.00. Following the transaction, the director now owns 17,684 shares in the company, valued at $2,570,723.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Sven Wehrwein sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $145.37, for a total transaction of $145,370.00. Following the sale, the director now owns 17,684 shares in the company, valued at $2,570,723.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Archie C. Black sold 4,856 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $151.66, for a total transaction of $736,460.96. Following the sale, the chief executive officer now directly owns 77,716 shares of the company’s stock, valued at approximately $11,786,408.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,683 shares of company stock valued at $10,058,679. Insiders own 1.20% of the company’s stock.
SPS Commerce Trading Up 0.9 %
SPS Commerce (NASDAQ:SPSC – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The software maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. SPS Commerce had a net margin of 12.26% and a return on equity of 12.78%. The company had revenue of $122.02 million for the quarter, compared to analysts’ expectations of $120.67 million. As a group, research analysts expect that SPS Commerce, Inc. will post 1.79 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SPSC. StockNews.com started coverage on shares of SPS Commerce in a report on Thursday, March 16th. They issued a “buy” rating for the company. Craig Hallum upped their price objective on shares of SPS Commerce from $160.00 to $165.00 in a research report on Thursday, April 27th. JMP Securities upped their price objective on shares of SPS Commerce from $150.00 to $165.00 and gave the stock a “market outperform” rating in a research report on Friday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of SPS Commerce in a report on Friday, March 3rd. Finally, Northland Securities increased their price target on shares of SPS Commerce from $151.00 to $154.00 in a report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $157.50.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.
- Get a free copy of the StockNews.com research report on SPS Commerce (SPSC)
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