Aigen Investment Management LP Purchases 847 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Aigen Investment Management LP lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 64.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,167 shares of the software maker’s stock after acquiring an additional 847 shares during the quarter. Aigen Investment Management LP’s holdings in SPS Commerce were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPSC. Advisors Asset Management Inc. raised its holdings in shares of SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the fourth quarter worth about $40,000. Blue Trust Inc. raised its holdings in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. R Squared Ltd bought a new position in SPS Commerce in the fourth quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI bought a new position in SPS Commerce in the fourth quarter worth about $57,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Down 3.4 %

Shares of NASDAQ SPSC opened at $128.22 on Friday. The business’s 50 day moving average price is $169.55 and its 200 day moving average price is $182.68. The firm has a market cap of $4.84 billion, a P/E ratio of 62.85 and a beta of 0.92. SPS Commerce, Inc. has a 52 week low of $125.95 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 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, research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. 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 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of recent research reports. Needham & Company LLC reduced their target price 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. Piper Sandler reduced their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup reduced their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

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.