SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,113 shares of the software maker’s stock after purchasing an additional 1,018 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SPS Commerce were worth $1,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. purchased a new stake in SPS Commerce during the 4th quarter valued at about $26,000. NBC Securities Inc. purchased a new stake in SPS Commerce during the 3rd quarter valued at about $35,000. RiverPark Advisors LLC purchased a new stake in SPS Commerce during the 3rd quarter valued at about $42,000. CVA Family Office LLC purchased a new stake in SPS Commerce during the 4th quarter valued at about $44,000. Finally, Operose Advisors LLC purchased a new stake in SPS Commerce during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup assumed coverage on SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target on the stock. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.67.

Insider Buying and Selling

In related news, COO James J. Frome sold 2,901 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the transaction, the chief operating officer now owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO James J. Frome sold 2,901 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the transaction, the chief operating officer now owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the transaction, the director now directly owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock valued at $12,122,275. 1.00% of the stock is owned by company insiders.

SPS Commerce Stock Down 1.0 %

Shares of SPSC opened at $169.43 on Friday. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 96.27 and a beta of 0.79. The stock’s 50-day moving average price is $179.79 and its 200-day moving average price is $179.11.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal 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.