Sequoia Financial Advisors LLC Increases Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Sequoia Financial Advisors LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,574 shares of the software maker’s stock after purchasing an additional 108 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPS Commerce were worth $305,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in SPS Commerce during the third quarter valued at $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce during the fourth quarter valued at $26,000. NBC Securities Inc. bought a new stake in SPS Commerce during the third quarter valued at $35,000. RiverPark Advisors LLC bought a new stake in SPS Commerce during the third quarter valued at $42,000. Finally, CVA Family Office LLC bought a new stake in SPS Commerce during the fourth quarter valued at $44,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SPS Commerce

In related news, COO James J. Frome sold 12,887 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the transaction, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO James J. Frome sold 2,901 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total transaction of $531,811.32. Following the transaction, the chief operating officer now owns 54,029 shares in the company, valued at approximately $9,904,596.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James J. Frome sold 12,887 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the transaction, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The disclosure for this sale can be found here. Insiders have sold a total of 66,688 shares of company stock worth $12,122,275 in the last 90 days. Company insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 0.9 %

SPSC opened at $163.13 on Friday. The company has a market cap of $6.05 billion, a P/E ratio of 92.69 and a beta of 0.79. The business’s 50-day moving average price is $182.30 and its 200-day moving average price is $179.01. SPS Commerce, Inc. has a 12 month low of $140.00 and a 12 month high of $218.74.

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

Analyst Ratings Changes

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

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.