SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 13,300.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,966 shares of the software maker’s stock after buying an additional 19,817 shares during the period. International Assets Investment Management LLC owned about 0.05% of SPS Commerce worth $3,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce in the 4th quarter valued at about $26,000. NBC Securities Inc. acquired a new position in shares of SPS Commerce in the 3rd quarter valued at about $35,000. RiverPark Advisors LLC acquired a new position in shares of SPS Commerce in the 3rd quarter valued at about $42,000. CVA Family Office LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at about $44,000. Finally, Operose Advisors LLC acquired a new position in shares of SPS Commerce in the 3rd quarter valued at about $46,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,408 shares of SPS Commerce stock in a transaction that occurred on 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 directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James J. Frome sold 2,825 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $187.47, for a total transaction of $529,602.75. Following the transaction, the chief operating officer now directly owns 56,930 shares in the company, valued at $10,672,667.10. The disclosure for this sale can be found here. Insiders have sold a total of 66,688 shares of company stock valued at $12,122,275 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPSC. Needham & Company LLC reissued a “buy” rating and set a $205.00 target price on shares of SPS Commerce in a research note on Friday, February 9th. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Finally, Citigroup initiated coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $199.67.

SPS Commerce Price Performance

SPS Commerce stock opened at $163.35 on Wednesday. The firm’s 50 day simple moving average is $183.14 and its 200-day simple moving average is $179.24. The company has a market cap of $6.06 billion, a P/E ratio of 92.81 and a beta of 0.79. SPS Commerce, Inc. has a fifty-two week low of $140.00 and a fifty-two week high of $218.74.

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

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.