Wealth Alliance Buys 71 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Alliance grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,674 shares of the software maker’s stock after buying an additional 71 shares during the period. Wealth Alliance’s holdings in SPS Commerce were worth $324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in SPS Commerce in the 3rd quarter worth $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce during the 4th quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in SPS Commerce in the 3rd quarter worth approximately $35,000. RiverPark Advisors LLC purchased a new position in SPS Commerce in the 3rd quarter worth approximately $42,000. Finally, CVA Family Office LLC bought a new position in SPS Commerce in the 4th quarter worth approximately $44,000. 98.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 approximately $28,212,401.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Archie C. Black sold 12,875 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were 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 in the company, valued at approximately $16,137,034.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction dated Thursday, February 1st. The stock was 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 directly owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The disclosure for this sale can be found here. Insiders sold 66,688 shares of company stock valued at $12,122,275 in the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Citigroup assumed coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.67.

SPS Commerce Stock Performance

Shares of SPSC opened at $163.13 on Friday. The stock has a market capitalization of $6.05 billion, a PE ratio of 92.69 and a beta of 0.79. The company’s fifty day moving average is $182.30 and its 200 day moving average is $179.01. 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 posted its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share 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 firm had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.13 earnings per share 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.