International Assets Investment Management LLC Has $3.87 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

International Assets Investment Management LLC increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 13,300.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,966 shares of the software maker’s stock after purchasing an additional 19,817 shares during the quarter. International Assets Investment Management LLC’s holdings in SPS Commerce were worth $3,870,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Trust Point Inc. acquired a new stake in shares of SPS Commerce during the 4th quarter worth about $3,164,000. Fenimore Asset Management Inc. increased its position in shares of SPS Commerce by 0.4% during the 4th quarter. Fenimore Asset Management Inc. now owns 86,161 shares of the software maker’s stock worth $16,701,000 after purchasing an additional 350 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce during the 4th quarter worth about $26,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of SPS Commerce during the 4th quarter worth about $460,000. Finally, Portside Wealth Group LLC increased its position in shares of SPS Commerce by 4.3% during the 4th quarter. Portside Wealth Group LLC now owns 6,883 shares of the software maker’s stock worth $1,334,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,954,030.63. The disclosure for this sale can be found here. Insiders sold a total of 66,688 shares of company stock worth $12,122,275 in the last quarter. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

SPSC has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective for the company. 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, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average price target of $199.67.

SPS Commerce Trading Down 1.6 %

SPSC opened at $163.35 on Wednesday. The stock has a market capitalization of $6.06 billion, a PE ratio of 92.81 and a beta of 0.79. SPS Commerce, Inc. has a 1-year low of $140.00 and a 1-year high of $218.74. The firm has a 50-day moving average price of $183.14 and a two-hundred day moving average price of $179.24.

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 company had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. On average, research analysts predict that SPS Commerce, Inc. will post 2.13 EPS for the current year.

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.