Kingswood Wealth Advisors LLC Invests $460,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

Kingswood Wealth Advisors LLC bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,372 shares of the software maker’s stock, valued at approximately $460,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of SPS Commerce by 1.4% in the 2nd quarter. BlackRock Inc. now owns 5,776,120 shares of the software maker’s stock worth $1,109,362,000 after purchasing an additional 79,870 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after purchasing an additional 33,874 shares during the last quarter. State Street Corp grew its holdings in shares of SPS Commerce by 2.9% in the 2nd quarter. State Street Corp now owns 1,283,600 shares of the software maker’s stock worth $246,528,000 after purchasing an additional 36,231 shares during the last quarter. Morgan Stanley grew its holdings in shares of SPS Commerce by 156.5% in the 4th quarter. Morgan Stanley now owns 800,226 shares of the software maker’s stock worth $102,773,000 after purchasing an additional 488,227 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of SPS Commerce by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 775,259 shares of the software maker’s stock worth $148,896,000 after purchasing an additional 40,493 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several research reports. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $199.67.

SPS Commerce Trading Up 1.8 %

SPS Commerce stock opened at $183.89 on Thursday. SPS Commerce, Inc. has a 1 year low of $140.00 and a 1 year high of $218.74. The company has a market cap of $6.80 billion, a PE ratio of 104.48 and a beta of 0.79. The company’s 50-day moving average is $185.84 and its two-hundred day moving average is $179.00.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. Research analysts forecast that SPS Commerce, Inc. will post 2.13 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the transaction, the director now directly owns 15,747 shares in the company, valued at approximately $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO James J. Frome sold 2,901 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $9,904,596.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares in the company, valued at $3,102,631.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,688 shares of company stock worth $12,122,275. Company insiders own 1.20% of the company’s stock.

About SPS Commerce

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.