Sequoia Financial Advisors LLC Raises Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Sequoia Financial Advisors LLC boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,574 shares of the software maker’s stock after purchasing an additional 108 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPS Commerce were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC increased its stake in SPS Commerce by 13,300.0% in the 4th quarter. International Assets Investment Management LLC now owns 19,966 shares of the software maker’s stock worth $3,870,000 after buying an additional 19,817 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in SPS Commerce by 29.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,398 shares of the software maker’s stock worth $469,000 after buying an additional 543 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of SPS Commerce by 1.7% during the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. Trust Point Inc. bought a new position in shares of SPS Commerce during the 4th quarter valued at about $3,164,000. Finally, Fenimore Asset Management Inc. boosted its holdings 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 valued at $16,701,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPSC shares. Citigroup started coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, February 9th. Finally, StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and a consensus target price of $199.67.

Insider Activity at SPS Commerce

In other SPS Commerce news, COO James J. Frome sold 12,887 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the sale, the chief operating officer now owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kimberly K. Nelson sold 5,965 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the transaction, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at $27,027,283.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO James J. Frome sold 12,887 shares of the firm’s 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 transaction, the chief operating officer now directly owns 44,369 shares in the company, valued at $7,954,030.63. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,688 shares of company stock valued at $12,122,275. Insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 0.9 %

Shares of NASDAQ:SPSC opened at $163.13 on Friday. SPS Commerce, Inc. has a 12 month low of $140.00 and a 12 month high of $218.74. The company has a 50-day moving average price of $182.30 and a 200 day moving average price of $179.01. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 92.69 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $143.05 million. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.13 EPS for the current year.

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.