GAMMA Investing LLC Invests $103,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

GAMMA Investing LLC purchased a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, HoldingsChannel reports. The fund purchased 563 shares of the software maker’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of SPS Commerce in the fourth quarter worth about $26,000. NBC Securities Inc. purchased a new position in shares of SPS Commerce in the third quarter worth about $35,000. CVA Family Office LLC purchased a new position in shares of SPS Commerce in the fourth quarter worth about $44,000. RiverPark Advisors LLC purchased a new position in shares of SPS Commerce in the third quarter worth about $42,000. Finally, Operose Advisors LLC purchased a new position in shares of SPS Commerce in the third quarter worth about $46,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

Shares of SPSC opened at $178.96 on Monday. SPS Commerce, Inc. has a 1-year low of $140.00 and a 1-year high of $218.74. The stock has a market cap of $6.63 billion, a PE ratio of 97.79 and a beta of 0.79. The firm has a 50-day simple moving average of $178.97 and a two-hundred day simple moving average of $179.20.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup assumed coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $196.57.

Insider Buying and Selling at SPS Commerce

In related 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 value of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares in the company, valued at $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 value of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares in the company, valued at $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now 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. Insiders sold a total of 66,688 shares of company stock worth $12,122,275 over the last three months. Insiders own 1.00% of the company’s stock.

About SPS Commerce

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.