Principal Financial Group Inc. Boosts Stock Position in SPS Commerce, Inc. $SPSC

Principal Financial Group Inc. grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 213,986 shares of the software maker’s stock after acquiring an additional 7,334 shares during the quarter. Principal Financial Group Inc. owned 0.56% of SPS Commerce worth $22,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPSC. Nordea Investment Management AB lifted its stake in SPS Commerce by 505.3% in the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. Norges Bank purchased a new position in shares of SPS Commerce in the second quarter worth about $57,540,000. Disciplined Growth Investors Inc. MN lifted its stake in shares of SPS Commerce by 188.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock valued at $57,855,000 after acquiring an additional 277,499 shares during the last quarter. Walleye Capital LLC purchased a new stake in SPS Commerce during the 2nd quarter valued at about $20,250,000. Finally, Tran Capital Management L.P. bought a new position in SPS Commerce during the 3rd quarter worth approximately $15,370,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC opened at $79.53 on Friday. The company has a 50-day simple moving average of $88.71 and a two-hundred day simple moving average of $99.10. The firm has a market capitalization of $3.00 billion, a PE ratio of 35.66 and a beta of 0.56. SPS Commerce, Inc. has a one year low of $73.05 and a one year high of $181.73.

Insider Buying and Selling at SPS Commerce

In related news, Director Marty M. Reaume sold 1,732 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director directly owned 9,158 shares in the company, valued at $844,917.08. This trade represents a 15.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of analyst reports. Robert W. Baird set a $104.00 price objective on SPS Commerce in a research note on Friday, October 31st. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. DA Davidson decreased their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $80.00 target price (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SPS Commerce presently has a consensus rating of “Hold” and a consensus target price of $106.80.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.