First Trust Direct Indexing L.P. Has $356,000 Position in SPS Commerce, Inc. (NASDAQ:SPSC)

First Trust Direct Indexing L.P. boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,834 shares of the software maker’s stock after purchasing an additional 84 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in SPS Commerce were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after purchasing an additional 33,874 shares during the last quarter. Raymond James & Associates grew its holdings in SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock worth $21,153,000 after acquiring an additional 5,456 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in shares of SPS Commerce by 102.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock valued at $5,776,000 after acquiring an additional 15,110 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SPS Commerce by 1.0% in the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock valued at $83,780,000 after purchasing an additional 4,764 shares during the period. Finally, Intrust Bank NA boosted its position in shares of SPS Commerce by 5.9% in the 4th quarter. Intrust Bank NA now owns 3,407 shares of the software maker’s stock worth $660,000 after purchasing an additional 191 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Robert W. Baird upped their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.57.

Insider Buying and Selling

In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,965 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Archie C. Black sold 8,723 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the completion of the sale, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is owned by insiders.

SPS Commerce Price Performance

SPSC stock opened at $188.97 on Tuesday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 103.26 and a beta of 0.81. SPS Commerce, Inc. has a fifty-two week low of $149.98 and a fifty-two week high of $218.74. The business has a 50-day moving average of $178.48 and a 200-day moving average of $179.72.

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. The firm had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. Equities analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current year.

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.