New York State Common Retirement Fund Purchases 20,760 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

New York State Common Retirement Fund boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 50.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,284 shares of the software maker’s stock after acquiring an additional 20,760 shares during the quarter. New York State Common Retirement Fund’s holdings in SPS Commerce were worth $11,460,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in shares of SPS Commerce by 13.6% during the third quarter. Creative Planning now owns 10,069 shares of the software maker’s stock valued at $1,955,000 after acquiring an additional 1,204 shares during the last quarter. Blue Trust Inc. increased its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Signaturefd LLC raised its position in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in SPS Commerce by 9,418.6% in the 3rd quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after buying an additional 9,607 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of SPS Commerce by 44.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,416 shares of the software maker’s stock worth $1,052,000 after buying an additional 1,660 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPSC stock opened at $138.05 on Tuesday. The firm has a 50 day moving average price of $178.64 and a 200-day moving average price of $186.01. SPS Commerce, Inc. has a 52-week low of $136.93 and a 52-week high of $218.61. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 67.67 and a beta of 0.88.

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

Insider Buying and Selling

In related news, CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the sale, the chief financial officer now directly owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock worth $7,781,086 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SPSC shares. Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Piper Sandler dropped their target price 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, February 11th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC lowered their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $207.11.

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.