Benjamin Edwards Inc. Has $413,000 Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Benjamin Edwards Inc. lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 2,246 shares of the software maker’s stock after buying an additional 134 shares during the period. Benjamin Edwards Inc.’s holdings in SPS Commerce were worth $413,000 at the end of the most recent quarter.

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

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,465 shares of company stock worth $1,401,898. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPSC shares. Robert W. Baird lifted their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Northland Securities reiterated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. DA Davidson cut their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have assigned 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 $198.11.

SPS Commerce Stock Down 0.8 %

Shares of NASDAQ:SPSC opened at $144.04 on Friday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 70.61 and a beta of 0.81. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The company’s fifty day simple moving average is $133.03 and its 200 day simple moving average is $162.62.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.