Wealth Alliance Grows Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Alliance increased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,674 shares of the software maker’s stock after acquiring an additional 71 shares during the quarter. Wealth Alliance’s holdings in SPS Commerce were worth $324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in SPS Commerce during the third quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce during the fourth quarter worth about $26,000. NBC Securities Inc. purchased a new position in shares of SPS Commerce in the 3rd quarter valued at approximately $35,000. RiverPark Advisors LLC acquired a new stake in shares of SPS Commerce during the third quarter worth $42,000. Finally, CVA Family Office LLC purchased a new position in SPS Commerce in the 4th quarter valued at $44,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In related news, COO James J. Frome sold 2,901 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total value of $531,811.32. Following the sale, the chief operating officer now directly owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO James J. Frome sold 2,901 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Archie C. Black sold 12,875 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total value of $2,310,032.50. Following the sale, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. Insiders sold 66,688 shares of company stock valued at $12,122,275 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPSC. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday, February 9th. Citigroup began coverage on SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective on the stock. Finally, StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.67.

SPS Commerce Trading Up 0.9 %

SPSC stock opened at $163.13 on Friday. The firm has a 50 day moving average of $182.30 and a 200-day moving average of $179.01. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 92.69 and a beta of 0.79. SPS Commerce, Inc. has a 12-month low of $140.00 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.13 earnings per share 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.