Quantbot Technologies LP Has $3.20 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Quantbot Technologies LP trimmed its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,364 shares of the software maker’s stock after selling 3,310 shares during the quarter. Quantbot Technologies LP’s holdings in SPS Commerce were worth $3,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position in shares of 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 last quarter. Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of SPS Commerce by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 110 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of SPS Commerce in the third quarter valued at about $1,809,000. Finally, JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 104,210 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,864 shares of company stock valued at $6,613,078 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPSC. Northland Securities reaffirmed 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. Piper Sandler lowered their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Needham & Company LLC decreased their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Robert W. Baird decreased their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Trading Up 1.4 %

NASDAQ:SPSC opened at $130.13 on Friday. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The firm has a 50 day moving average of $157.25 and a 200-day moving average of $177.26. The stock has a market capitalization of $4.92 billion, a P/E ratio of 63.79 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.