SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,479 shares of the software maker’s stock after acquiring an additional 81 shares during the quarter. Yousif Capital Management LLC’s holdings in SPS Commerce were worth $3,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of SPS Commerce during the 4th quarter worth about $26,000. NBC Securities Inc. acquired a new position in SPS Commerce during the third quarter valued at approximately $35,000. RiverPark Advisors LLC acquired a new position in shares of SPS Commerce during the 3rd quarter valued at $42,000. CVA Family Office LLC purchased a new stake in SPS Commerce during the 4th quarter worth $44,000. Finally, Operose Advisors LLC purchased a new stake in SPS Commerce during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup initiated coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a research note on Friday. Finally, StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.57.

Insiders Place Their Bets

In other SPS Commerce news, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the transaction, the chief operating officer now directly owns 44,369 shares in the company, valued at $7,954,030.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO James J. Frome sold 12,887 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.27, for a total value of $2,310,252.49. Following the sale, the chief operating officer now owns 44,369 shares of the company’s stock, valued at approximately $7,954,030.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James J. Frome sold 2,901 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the transaction, the chief operating officer now owns 54,029 shares of the company’s stock, valued at $9,904,596.28. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock valued at $12,122,275 over the last quarter. Insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $178.96 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 97.79 and a beta of 0.79. SPS Commerce, Inc. has a one year low of $140.00 and a one year high of $218.74. The company’s 50-day simple moving average is $178.97 and its 200-day simple moving average is $179.13.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. The company had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.13 EPS for the current 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.