MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $17.60 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,640 shares of the software maker’s stock after selling 2,918 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in SPS Commerce were worth $17,597,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in SPS Commerce by 72.8% during the 4th quarter. Janus Henderson Group PLC now owns 77,361 shares of the software maker’s stock valued at $14,242,000 after purchasing an additional 32,594 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of SPS Commerce in the 4th quarter valued at $303,000. Group One Trading LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at $102,000. Granahan Investment Management LLC raised its stake in shares of SPS Commerce by 10.7% in the 4th quarter. Granahan Investment Management LLC now owns 302,920 shares of the software maker’s stock valued at $55,734,000 after buying an additional 29,274 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of SPS Commerce by 5.6% in the 4th quarter. Fred Alger Management LLC now owns 481,317 shares of the software maker’s stock valued at $88,558,000 after buying an additional 25,414 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPSC. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. DA Davidson dropped their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective 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. Northland Securities restated a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $195.38.

SPS Commerce Stock Performance

SPSC opened at $148.63 on Friday. The firm’s 50-day simple moving average is $134.67 and its 200-day simple moving average is $161.98. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 72.86 and a beta of 0.81.

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

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the transaction, the chief financial officer now directly owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This trade represents a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the 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 completion of the transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,465 shares of company stock worth $1,401,898. 0.98% of the stock is currently owned by corporate insiders.

SPS Commerce Company 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.