1,441 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,441 shares of the software maker’s stock, valued at approximately $265,000.

Several other hedge funds have also recently bought and sold shares of SPSC. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce in the 4th quarter worth about $40,000. Hurley Capital LLC purchased a new stake in shares of SPS Commerce during the 4th quarter worth about $41,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 84 shares in the last quarter. R Squared Ltd purchased a new stake in shares of SPS Commerce during the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the 4th quarter worth about $57,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction that occurred 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 of the company’s stock, valued at $361,974,568.56. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares in the company, 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. Insiders have sold a total of 9,465 shares of company stock valued at $1,401,898 in the last three months. Company insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPSC. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a research note on Friday, April 25th. Robert W. Baird raised their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. DA Davidson cut their price target on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. 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, Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $195.38.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $149.28 on Tuesday. The stock’s 50 day simple moving average is $135.62 and its 200 day simple moving average is $161.64. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 73.18 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same period last year, the business earned $0.86 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, analysts forecast that SPS Commerce, Inc. will post 2.73 EPS 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.