Summit Creek Advisors LLC Acquires 9,293 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Summit Creek Advisors LLC lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,150 shares of the software maker’s stock after purchasing an additional 9,293 shares during the quarter. SPS Commerce comprises about 3.1% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Summit Creek Advisors LLC owned about 0.34% of SPS Commerce worth $23,394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $88,576,000 after acquiring an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in SPS Commerce by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 110 shares during the last quarter. Synovus Financial Corp acquired a new position in SPS Commerce in the third quarter valued at $1,809,000. Finally, JPMorgan Chase & Co. boosted 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 during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $130.13 on Monday. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 63.79 and a beta of 0.92. The stock’s 50-day simple moving average is $157.25 and its 200-day simple moving average is $177.17.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC reduced their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Citigroup reduced their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Stifel Nicolaus reduced their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Northland Securities restated 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. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the sale, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at approximately $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is currently owned by insiders.

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.