Alliance Wealth Advisors LLC UT Boosts Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Alliance Wealth Advisors LLC UT increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,179 shares of the software maker’s stock after acquiring an additional 275 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in SPS Commerce were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of SPSC. AQR Capital Management LLC raised its stake in shares of SPS Commerce by 19.2% during the second quarter. AQR Capital Management LLC now owns 14,856 shares of the software maker’s stock worth $2,795,000 after acquiring an additional 2,391 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of SPS Commerce by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,716 shares of the software maker’s stock worth $4,086,000 after acquiring an additional 934 shares in the last quarter. Creative Planning boosted its holdings in SPS Commerce by 28.9% in the second quarter. Creative Planning now owns 8,865 shares of the software maker’s stock worth $1,668,000 after acquiring an additional 1,987 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of SPS Commerce during the second quarter valued at approximately $517,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in SPS Commerce by 437.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,100 shares of the software maker’s stock worth $1,336,000 after buying an additional 5,779 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 2.5 %

NASDAQ:SPSC opened at $180.03 on Tuesday. The stock has a 50 day moving average of $189.66 and a two-hundred day moving average of $190.84. The firm has a market cap of $6.76 billion, a P/E ratio of 86.14 and a beta of 0.88. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74.

Insider Transactions at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were 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 owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,940 shares of company stock valued at $4,696,861. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPSC shares. Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Robert W. Baird increased their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Piper Sandler initiated coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus dropped their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $219.22.

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.