Numerai GP LLC Buys 6,573 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Numerai GP LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 486.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,924 shares of the software maker’s stock after purchasing an additional 6,573 shares during the quarter. Numerai GP LLC’s holdings in SPS Commerce were worth $1,458,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPSC. Vanguard Group Inc. grew its holdings in SPS Commerce by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock valued at $852,032,000 after buying an additional 67,687 shares during the last quarter. FMR LLC lifted its holdings in shares of SPS Commerce by 109.7% during the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after acquiring an additional 742,686 shares during the period. Ameriprise Financial Inc. lifted its stake in SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock worth $140,882,000 after purchasing an additional 191,740 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after acquiring an additional 138,014 shares during the period. Finally, Northern Trust Corp increased its holdings in SPS Commerce by 11.3% during the 4th quarter. Northern Trust Corp now owns 510,041 shares of the software maker’s stock valued at $93,842,000 after purchasing an additional 51,839 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Northland Securities reiterated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Piper Sandler reduced their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup decreased their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.11.

SPS Commerce Stock Up 0.5%

NASDAQ SPSC opened at $152.67 on Wednesday. The company has a market capitalization of $5.80 billion, a PE ratio of 74.84 and a beta of 0.81. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The firm’s 50 day moving average is $133.79 and its 200-day moving average is $162.22.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. During the same quarter in the prior year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction 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 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. Insiders sold a total of 9,465 shares of company stock worth $1,401,898 over the last quarter. 0.98% of the stock is currently owned by insiders.

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.