Thematics Asset Management Raises Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Thematics Asset Management boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 36.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,452 shares of the software maker’s stock after acquiring an additional 41,538 shares during the period. SPS Commerce accounts for about 1.2% of Thematics Asset Management’s holdings, making the stock its 23rd biggest position. Thematics Asset Management’s holdings in SPS Commerce were worth $28,602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in SPS Commerce during the 4th quarter worth approximately $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce in the fourth quarter worth $41,000. Blue Trust Inc. lifted its position in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce during the fourth quarter valued at $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SPSC. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce 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 research note on Wednesday, March 26th. Finally, DA Davidson dropped their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.89.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock valued at $6,613,078 over the last 90 days. 0.98% of the stock is owned by company insiders.

SPS Commerce Stock Performance

SPSC opened at $129.06 on Friday. The company has a market capitalization of $4.91 billion, a P/E ratio of 63.27 and a beta of 0.89. The company has a 50-day moving average of $133.39 and a 200-day moving average of $168.20. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced 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 net margin of 12.08% and a return on equity of 12.27%. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.