Park Avenue Securities LLC Buys 89 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Park Avenue Securities LLC grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,106 shares of the software maker’s stock after acquiring an additional 89 shares during the quarter. Park Avenue Securities LLC’s holdings in SPS Commerce were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FDx Advisors Inc. boosted its position in shares of SPS Commerce by 3.4% during the second quarter. FDx Advisors Inc. now owns 2,885 shares of the software maker’s stock valued at $326,000 after buying an additional 95 shares during the last quarter. Inspire Investing LLC boosted its position in shares of SPS Commerce by 5.4% during the second quarter. Inspire Investing LLC now owns 1,870 shares of the software maker’s stock valued at $211,000 after buying an additional 96 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of SPS Commerce by 28.5% during the third quarter. Exchange Traded Concepts LLC now owns 496 shares of the software maker’s stock valued at $62,000 after buying an additional 110 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of SPS Commerce by 6.8% during the first quarter. Cetera Investment Advisers now owns 1,791 shares of the software maker’s stock valued at $235,000 after buying an additional 114 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of SPS Commerce by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 31,074 shares of the software maker’s stock valued at $4,179,000 after buying an additional 118 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus increased their price objective on SPS Commerce from $140.00 to $150.00 in a research report on Wednesday, October 5th. StockNews.com assumed coverage on SPS Commerce in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Robert W. Baird cut SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 target price on the stock. in a research report on Wednesday, December 14th. Finally, TheStreet cut SPS Commerce from a “b-” rating to a “c” rating in a research report on Friday, October 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Insider Transactions at SPS Commerce

In other news, Director Philip Soran sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the transaction, the director now owns 17,684 shares of the company’s stock, valued at $2,387,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Philip Soran sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $135.00, for a total transaction of $135,000.00. Following the sale, the director now owns 17,684 shares of the company’s stock, valued at approximately $2,387,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Archie C. Black sold 3,845 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total value of $481,278.65. Following the sale, the chief executive officer now directly owns 56,272 shares in the company, valued at approximately $7,043,566.24. The disclosure for this sale can be found here. Insiders have sold 27,374 shares of company stock valued at $3,691,944 over the last quarter. 1.30% of the stock is currently owned by company insiders.

SPS Commerce Stock Up 2.2 %

NASDAQ SPSC opened at $138.93 on Tuesday. The stock’s 50-day moving average price is $131.41 and its 200-day moving average price is $125.90. SPS Commerce, Inc. has a 52 week low of $96.41 and a 52 week high of $146.81. The company has a market capitalization of $5.01 billion, a P/E ratio of 99.24 and a beta of 0.76.

SPS Commerce (NASDAQ:SPSCGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The software maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.36 by $0.14. SPS Commerce had a return on equity of 11.70% and a net margin of 12.04%. The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate of $113.83 million. Research analysts anticipate that SPS Commerce, Inc. will post 1.58 EPS for the current year.

About SPS Commerce

(Get Rating)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

Further Reading

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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