Defined Financial Planning LLC Buys Shares of 1,144 SPS Commerce, Inc. (NASDAQ:SPSC)

Defined Financial Planning LLC acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,144 shares of the software maker’s stock, valued at approximately $210,000.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after acquiring an additional 16,272 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 110 shares during the period. Synovus Financial Corp purchased a new stake in SPS Commerce during the 3rd quarter worth about $1,809,000. Finally, JPMorgan Chase & Co. raised its holdings in SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after acquiring an additional 104,210 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Piper Sandler cut their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Robert W. Baird dropped their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Trading Up 1.2 %

SPSC stock opened at $131.69 on Monday. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61. The company has a market cap of $5.01 billion, a P/E ratio of 64.55 and a beta of 0.89. The company’s 50-day moving average price is $137.85 and its 200 day moving average price is $170.22.

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

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is owned by corporate insiders.

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.