DekaBank Deutsche Girozentrale Purchases 543 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

DekaBank Deutsche Girozentrale boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 29.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,398 shares of the software maker’s stock after buying an additional 543 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SPS Commerce were worth $469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce during the 4th quarter worth about $26,000. International Assets Investment Management LLC bought a new stake in SPS Commerce during the 3rd quarter worth about $25,000. NBC Securities Inc. bought a new stake in SPS Commerce during the 3rd quarter worth about $35,000. CVA Family Office LLC bought a new stake in SPS Commerce during the 4th quarter worth about $44,000. Finally, RiverPark Advisors LLC bought a new stake in SPS Commerce during the 3rd quarter worth about $42,000. 98.96% of the stock is owned by institutional investors.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 157,251 shares in the company, valued at approximately $28,212,401.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 157,251 shares of the company’s stock, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. In the last three months, insiders sold 66,688 shares of company stock worth $12,122,275. 1.00% of the stock is owned by company insiders.

SPS Commerce Price Performance

Shares of SPSC stock opened at $165.93 on Tuesday. The stock has a 50-day moving average of $183.47 and a 200-day moving average of $179.29. SPS Commerce, Inc. has a one year low of $140.00 and a one year high of $218.74. The stock has a market cap of $6.15 billion, a PE ratio of 94.28 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. The business had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.