Mirae Asset Global Investments Co. Ltd. Has $721,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 27.9% in the 4th quarter, Holdings Channel reports. The firm owned 3,890 shares of the software maker’s stock after selling 1,504 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPS Commerce were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. E. Ohman J or Asset Management AB raised its holdings in SPS Commerce by 3.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 12,810 shares of the software maker’s stock valued at $2,357,000 after buying an additional 368 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in SPS Commerce by 3.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,179 shares of the software maker’s stock worth $1,689,000 after buying an additional 275 shares during the period. R Squared Ltd bought a new stake in shares of SPS Commerce in the 4th quarter valued at about $57,000. KBC Group NV raised its position in shares of SPS Commerce by 41.9% during the fourth quarter. KBC Group NV now owns 1,527 shares of the software maker’s stock worth $281,000 after acquiring an additional 451 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of SPS Commerce by 109.9% in the fourth quarter. Blue Trust Inc. now owns 359 shares of the software maker’s stock worth $70,000 after acquiring an additional 188 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,230 shares of company stock worth $6,379,187. 1.00% of the stock is owned by company insiders.

SPS Commerce Trading Up 0.1 %

SPS Commerce stock opened at $152.94 on Thursday. The business’s 50 day simple moving average is $186.73 and its 200 day simple moving average is $189.28. SPS Commerce, Inc. has a 12 month low of $147.27 and a 12 month high of $218.61. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 73.18 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. As a group, equities research analysts forecast that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Northland Securities reissued a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday. Finally, Robert W. Baird cut their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

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.