SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC lifted its position in SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,883 shares of the software maker’s stock after purchasing an additional 284 shares during the period. Portside Wealth Group LLC’s holdings in SPS Commerce were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its stake in shares of SPS Commerce by 2.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,987 shares of the software maker’s stock valued at $574,000 after purchasing an additional 74 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of SPS Commerce by 3.6% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,232 shares of the software maker’s stock valued at $287,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of SPS Commerce by 8.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker’s stock valued at $179,000 after purchasing an additional 79 shares during the period. 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. Finally, Stifel Financial Corp lifted its stake in shares of SPS Commerce by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock valued at $5,051,000 after purchasing an additional 80 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPSC shares. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup started coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.67.

View Our Latest Analysis on SPSC

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the transaction, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the transaction, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James J. Frome sold 2,825 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.47, for a total transaction of $529,602.75. Following the completion of the transaction, the chief operating officer now directly owns 56,930 shares in the company, valued at approximately $10,672,667.10. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock valued at $12,122,275 over the last 90 days. 1.20% of the stock is owned by insiders.

SPS Commerce Stock Down 0.2 %

SPS Commerce stock opened at $181.68 on Tuesday. SPS Commerce, Inc. has a 52-week low of $140.00 and a 52-week high of $218.74. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 103.23 and a beta of 0.79. The company has a fifty day simple moving average of $185.78 and a 200-day simple moving average of $178.95.

SPS Commerce (NASDAQ:SPSCGet Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. The business had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

About SPS Commerce

(Free Report)

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.

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

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