Asset Management One Co. Ltd. Reduces Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Asset Management One Co. Ltd. cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,172 shares of the software maker’s stock after selling 82 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of SPS Commerce worth $4,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPSC. Vanguard Group Inc. increased its holdings in shares of SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after acquiring an additional 33,874 shares during the last quarter. State Street Corp increased its holdings in shares of SPS Commerce by 2.9% in the 2nd quarter. State Street Corp now owns 1,283,600 shares of the software maker’s stock valued at $246,528,000 after acquiring an additional 36,231 shares during the last quarter. Morgan Stanley increased its holdings in shares of SPS Commerce by 156.5% in the 4th quarter. Morgan Stanley now owns 800,226 shares of the software maker’s stock valued at $102,773,000 after acquiring an additional 488,227 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SPS Commerce by 9.4% in the 1st quarter. Geode Capital Management LLC now owns 734,766 shares of the software maker’s stock valued at $111,905,000 after acquiring an additional 62,850 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of SPS Commerce by 654.0% in the 4th quarter. Alliancebernstein L.P. now owns 676,583 shares of the software maker’s stock valued at $86,894,000 after acquiring an additional 586,851 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Trading Down 5.0 %

Shares of SPS Commerce stock opened at $170.54 on Thursday. The company’s 50-day moving average price is $184.17 and its two-hundred day moving average price is $179.26. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74. The stock has a market cap of $6.33 billion, a PE ratio of 96.90 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. The firm had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $143.05 million. On average, equities analysts predict that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the sale, the chief financial officer now owns 157,251 shares in the company, valued at approximately $28,212,401.91. The transaction was disclosed in a filing with the SEC, which is available through this link. In other SPS Commerce news, COO James J. Frome sold 12,887 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the sale, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total value of $2,315,644.87. Following the sale, the chief financial officer now owns 157,251 shares in the company, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,688 shares of company stock worth $12,122,275. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SPSC. Citigroup began coverage on SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target for the company. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.67.

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.