Amica Retiree Medical Trust Increases Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Amica Retiree Medical Trust raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518 shares of the software maker’s stock after purchasing an additional 84 shares during the period. Amica Retiree Medical Trust’s holdings in SPS Commerce were worth $95,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPSC. Vanguard Group Inc. lifted its position in SPS Commerce by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after buying an additional 67,687 shares during the last quarter. State Street Corp boosted its stake in shares of SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after purchasing an additional 16,357 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after purchasing an additional 14,174 shares during the last quarter. FMR LLC grew its holdings in shares of SPS Commerce by 18.3% during the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after purchasing an additional 104,769 shares during the last quarter. Finally, Geneva Capital Management LLC raised its position in SPS Commerce by 31.1% in the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after purchasing an additional 138,014 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a report on Wednesday. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.11.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,864 shares of company stock valued at $6,613,078. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

SPS Commerce stock opened at $135.65 on Thursday. SPS Commerce, Inc. has a fifty-two week low of $122.58 and a fifty-two week high of $218.61. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 66.50 and a beta of 0.92. The stock’s 50 day simple moving average is $155.43 and its two-hundred day simple moving average is $176.44.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.