Cerity Partners LLC Takes $212,000 Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Cerity Partners LLC bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,095 shares of the software maker’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPSC. Vanguard Group Inc. grew its stake in shares of SPS Commerce by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after buying an additional 33,874 shares during the period. Raymond James & Associates grew its position in SPS Commerce by 5.3% during the fourth quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after acquiring an additional 5,456 shares during the period. Northern Trust Corp increased its stake in SPS Commerce by 1.0% during the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after acquiring an additional 4,764 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPS Commerce by 28.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock worth $33,316,000 after purchasing an additional 43,191 shares during the period. Finally, Comerica Bank acquired a new stake in SPS Commerce during the 3rd quarter worth approximately $23,356,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup assumed coverage on SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective on the stock. Finally, Robert W. Baird upped their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.57.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $182.47 on Tuesday. SPS Commerce, Inc. has a one year low of $145.17 and a one year high of $218.74. The business’s 50-day simple moving average is $178.76 and its 200 day simple moving average is $179.30. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 99.71 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The company had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.13 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In other news, Director Archie C. Black sold 12,875 shares of the business’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Sven Wehrwein sold 2,408 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Archie C. Black sold 12,875 shares of the business’s 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 sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock worth $12,122,275 in the last ninety days. 1.00% of the stock is owned by insiders.

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.