Jones Financial Companies Lllp Purchases 721 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Jones Financial Companies Lllp raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 706.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 823 shares of the software maker’s stock after buying an additional 721 shares during the quarter. Jones Financial Companies Lllp’s holdings in SPS Commerce were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after buying an additional 16,357 shares during the last quarter. Geode Capital Management LLC boosted its position in SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after buying an additional 14,174 shares during the last quarter. FMR LLC boosted its position in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after buying an additional 104,769 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in SPS Commerce by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock valued at $90,317,000 after buying an additional 8,186 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Up 5.2 %

Shares of SPS Commerce stock opened at $129.43 on Friday. The company has a market capitalization of $4.89 billion, a PE ratio of 63.45 and a beta of 0.92. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61. The stock’s fifty day simple moving average is $163.76 and its 200 day simple moving average is $180.25.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 2,840 shares of the business’s 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 owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPSC. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC cut their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Piper Sandler cut their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Six equities research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.11.

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.