New Age Alpha Advisors LLC Purchases New Shares in SPS Commerce, Inc. (NASDAQ:SPSC)

New Age Alpha Advisors LLC purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,103 shares of the software maker’s stock, valued at approximately $387,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPSC. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce during the fourth quarter worth approximately $40,000. Blue Trust Inc. lifted its holdings in SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd bought a new position in SPS Commerce in the 4th quarter valued at $57,000. Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce in the 4th quarter valued at $57,000. Finally, Trust Co. of Vermont bought a new stake in shares of SPS Commerce during the fourth quarter worth $69,000. Institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPSC shares. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Robert W. Baird lowered their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $207.11.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,864 shares of company stock valued at $6,613,078 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 1.1 %

NASDAQ:SPSC opened at $134.25 on Wednesday. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The stock has a 50-day moving average price of $150.97 and a two-hundred day moving average price of $174.97. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 65.81 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 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.