Moran Wealth Management LLC Acquires 195 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moran Wealth Management LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 2,998 shares of the software maker’s stock after purchasing an additional 195 shares during the quarter. Moran Wealth Management LLC’s holdings in SPS Commerce were worth $552,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after buying an additional 16,272 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of SPS Commerce during the third quarter worth about $3,178,000. Synovus Financial Corp acquired a new position in shares of SPS Commerce in the third quarter worth approximately $1,809,000. Finally, JPMorgan Chase & Co. boosted its holdings in SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $126.48 on Thursday. The stock has a market capitalization of $4.78 billion, a PE ratio of 62.00 and a beta of 0.92. SPS Commerce, Inc. has a 52 week low of $122.74 and a 52 week high of $218.61. The stock has a 50 day moving average price of $166.10 and a two-hundred day moving average price of $181.03.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results 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%. Research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Buying and Selling

In other news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce 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 transaction, the chief financial officer now directly owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock worth $7,781,086 in the last quarter. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SPSC shares. Northland Securities restated a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler cut their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Robert W. Baird lowered their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, 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. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.