Jump Financial LLC Acquires 2,362 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Jump Financial LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 182.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,654 shares of the software maker’s stock after buying an additional 2,362 shares during the period. Jump Financial LLC’s holdings in SPS Commerce were worth $623,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in SPS Commerce during the 3rd quarter worth approximately $25,000. Huntington National Bank lifted its stake in shares of SPS Commerce by 66.1% in the 2nd quarter. Huntington National Bank now owns 201 shares of the software maker’s stock valued at $39,000 after purchasing an additional 80 shares during the period. NBC Securities Inc. purchased a new position in shares of SPS Commerce in the 3rd quarter valued at approximately $35,000. State of Wyoming lifted its stake in shares of SPS Commerce by 40.2% in the 4th quarter. State of Wyoming now owns 356 shares of the software maker’s stock valued at $46,000 after purchasing an additional 102 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPS Commerce by 21.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460 shares of the software maker’s stock valued at $59,000 after buying an additional 80 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

SPSC stock opened at $183.77 on Friday. SPS Commerce, Inc. has a 1-year low of $136.10 and a 1-year high of $198.35. The business has a fifty day moving average price of $185.15 and a 200-day moving average price of $176.35. The stock has a market capitalization of $6.74 billion, a P/E ratio of 109.39 and a beta of 0.82.

Insider Transactions at SPS Commerce

In related news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip Soran sold 3,026 shares of SPS Commerce stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $176.55, for a total value of $534,240.30. Following the completion of the sale, the director now directly owns 18,387 shares of the company’s stock, valued at approximately $3,246,224.85. The disclosure for this sale can be found here. Insiders sold 65,055 shares of company stock worth $11,568,095 over the last quarter. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SPSC shares. DA Davidson started coverage on SPS Commerce in a research note on Tuesday, November 14th. They set a “buy” rating and a $200.00 price objective for the company. Northland Securities upgraded SPS Commerce from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $175.00 to $177.00 in a research note on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.17.

Get Our Latest Stock Analysis on SPSC

SPS Commerce Company Profile

(Free Report)

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.

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

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