Riverbridge Partners LLC lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 651,602 shares of the software maker's stock after selling 50,375 shares during the period. SPS Commerce accounts for approximately 1.6% of Riverbridge Partners LLC's holdings, making the stock its 19th largest position. Riverbridge Partners LLC owned about 1.73% of SPS Commerce worth $119,888,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SPSC. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in SPS Commerce by 75.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the software maker's stock valued at $1,288,000 after purchasing an additional 3,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in SPS Commerce by 12.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 109,473 shares of the software maker's stock valued at $20,142,000 after buying an additional 12,400 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in SPS Commerce by 37.8% in the 4th quarter. Diversify Wealth Management LLC now owns 4,900 shares of the software maker's stock valued at $878,000 after acquiring an additional 1,345 shares during the period. Trust Co. of Vermont acquired a new stake in SPS Commerce during the fourth quarter worth approximately $69,000. Finally, Bouvel Investment Partners LLC lifted its position in SPS Commerce by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 18,258 shares of the software maker's stock worth $3,359,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.
In other news, EVP Dan Juckniess sold 5,831 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.
A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Wednesday, January 15th. Piper Sandler initiated coverage on SPS Commerce in a report on Monday, November 25th. They set a "neutral" rating and a $198.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on shares of SPS Commerce from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Six equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.00.
Check Out Our Latest Stock Analysis on SPS Commerce
SPSC stock opened at $194.03 on Thursday. The company's 50-day moving average price is $188.54 and its two-hundred day moving average price is $191.38. The firm has a market cap of $7.29 billion, a P/E ratio of 92.84 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.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business had revenue of $163.69 million for the quarter, compared to analysts' expectations of $160.30 million. During the same period last year, the firm posted $0.53 earnings per share. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts predict that SPS Commerce, Inc. will post 2.38 EPS for the current year.
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.
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