Axiom Investors LLC DE grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,783 shares of the software maker’s stock after buying an additional 1,580 shares during the quarter. Axiom Investors LLC DE’s holdings in SPS Commerce were worth $16,335,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of SPS Commerce by 129.9% during 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce in the fourth quarter worth about $40,000. Blue Trust Inc. raised 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 valued at $47,000 after acquiring an additional 84 shares during the period. R Squared Ltd purchased a new stake in SPS Commerce during the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce in the fourth quarter worth about $57,000. 98.96% of the stock is owned by hedge funds and other institutional investors.
SPS Commerce Trading Down 2.0 %
Shares of SPSC opened at $133.50 on Monday. The firm has a fifty day moving average price of $152.14 and a 200-day moving average price of $175.44. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61. The firm has a market capitalization of $5.04 billion, a P/E ratio of 65.44 and a beta of 0.92.
Insiders Place Their Bets
In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,864 shares of company stock valued at $6,613,078. Insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
SPSC has been the subject of several research analyst reports. Northland Securities reiterated a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Wednesday, March 26th. Piper Sandler reduced 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. Finally, Stifel Nicolaus cut their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.11.
Read Our Latest Analysis on SPSC
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.
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