Maryland State Retirement & Pension System Has $2.33 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Maryland State Retirement & Pension System increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,651 shares of the software maker’s stock after acquiring an additional 124 shares during the period. Maryland State Retirement & Pension System’s holdings in SPS Commerce were worth $2,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPSC. Franklin Resources Inc. raised its holdings in shares of SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after acquiring an additional 210,284 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPS Commerce in the 4th quarter worth about $27,441,000. Geneva Capital Management LLC raised its holdings in shares of SPS Commerce by 31.1% in the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after acquiring an additional 138,014 shares during the last quarter. FMR LLC raised its holdings in shares of SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after acquiring an additional 104,769 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Buying and Selling

In related news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock valued at $6,613,078. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Down 0.3 %

SPS Commerce stock opened at $128.28 on Friday. SPS Commerce, Inc. has a twelve month low of $122.58 and a twelve month high of $218.61. The firm has a 50 day moving average price of $158.23 and a 200-day moving average price of $177.84. The company has a market capitalization of $4.85 billion, a P/E ratio of 62.88 and a beta of 0.92.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on SPSC shares. Piper Sandler reduced their price objective 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. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SPS Commerce presently has a consensus 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.