SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,398 shares of the software maker’s stock after buying an additional 543 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SPS Commerce were worth $469,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce during the 4th quarter valued at about $26,000. International Assets Investment Management LLC bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $25,000. NBC Securities Inc. bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $35,000. CVA Family Office LLC bought a new position in shares of SPS Commerce during the 4th quarter valued at about $44,000. Finally, RiverPark Advisors LLC acquired a new position in shares of SPS Commerce in the third quarter worth about $42,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the transaction, the chief financial officer now owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Kimberly K. Nelson sold 5,197 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total transaction of $974,125.68. Following the transaction, the chief financial officer now owns 153,518 shares of the company’s stock, valued at $28,775,413.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now directly owns 157,251 shares in the company, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,688 shares of company stock valued at $12,122,275. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup assumed coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price for the company. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.67.

SPS Commerce Stock Performance

SPSC stock opened at $165.93 on Tuesday. The stock has a market cap of $6.15 billion, a P/E ratio of 94.28 and a beta of 0.79. The firm has a 50 day simple moving average of $183.47 and a 200 day simple moving average of $179.29. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. Sell-side analysts predict that SPS Commerce, Inc. will post 2.13 EPS for the current year.

About SPS Commerce

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.