Van ECK Associates Corp Acquires 2,600 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Van ECK Associates Corp grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 36.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,690 shares of the software maker’s stock after purchasing an additional 2,600 shares during the quarter. Van ECK Associates Corp’s holdings in SPS Commerce were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce in the fourth quarter worth $26,000. NBC Securities Inc. bought a new stake in SPS Commerce during the 3rd quarter valued at approximately $35,000. RiverPark Advisors LLC acquired a new stake in SPS Commerce in the 3rd quarter valued at approximately $42,000. CVA Family Office LLC acquired a new stake in SPS Commerce in the 4th quarter valued at approximately $44,000. Finally, Operose Advisors LLC bought a new position in SPS Commerce in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th. Citigroup initiated coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target on the stock. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 5,197 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total value of $974,125.68. Following the completion of the sale, the chief financial officer now owns 153,518 shares of the company’s stock, valued at approximately $28,775,413.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Down 2.4 %

Shares of SPS Commerce stock opened at $188.13 on Thursday. The stock has a market capitalization of $6.97 billion, a P/E ratio of 102.80 and a beta of 0.81. SPS Commerce, Inc. has a 12-month low of $151.63 and a 12-month high of $218.74. The company has a 50-day simple moving average of $178.67 and a 200 day simple moving average of $180.01.

SPS Commerce (NASDAQ:SPSC) last announced its 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 for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current year.

SPS Commerce 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.