SPS Commerce, Inc. (NASDAQ:SPSC) Position Reduced by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 455,651 shares of the software maker’s stock after selling 772 shares during the quarter. SPS Commerce makes up about 1.7% of Geneva Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Geneva Capital Management LLC owned approximately 1.24% of SPS Commerce worth $88,323,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce in the 4th quarter worth $26,000. NBC Securities Inc. acquired a new stake in shares of SPS Commerce during the third quarter worth $35,000. RiverPark Advisors LLC bought a new position in shares of SPS Commerce in the third quarter worth $42,000. CVA Family Office LLC acquired a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $44,000. Finally, Operose Advisors LLC acquired a new position in shares of SPS Commerce in the third quarter worth approximately $46,000. 98.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPSC shares. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of SPS Commerce in a research note on Friday, April 26th. Citigroup assumed coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. William Blair restated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.57.

Insider Transactions at SPS Commerce

In other news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the completion of the sale, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Archie C. Black sold 8,723 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the sale, the director now owns 71,852 shares of the company’s stock, valued at $13,045,449.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sven Wehrwein sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now directly owns 15,747 shares in the company, valued at $3,102,631.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,019 shares of company stock worth $5,186,345. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded up $5.39 during mid-day trading on Thursday, reaching $193.52. 167,604 shares of the company were exchanged, compared to its average volume of 181,142. SPS Commerce, Inc. has a 1 year low of $151.63 and a 1 year high of $218.74. The firm’s 50-day simple moving average is $178.67 and its 200 day simple moving average is $180.01. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 105.75 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The firm had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. On average, research analysts forecast that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

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.