Nisa Investment Advisors LLC Has $204,000 Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Nisa Investment Advisors LLC decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,053 shares of the software maker’s stock after selling 85 shares during the period. Nisa Investment Advisors LLC’s holdings in SPS Commerce were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in shares of SPS Commerce by 29.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,398 shares of the software maker’s stock valued at $469,000 after purchasing an additional 543 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of SPS Commerce by 1.7% in the fourth quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after purchasing an additional 64 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of SPS Commerce by 13,300.0% in the fourth quarter. International Assets Investment Management LLC now owns 19,966 shares of the software maker’s stock valued at $3,870,000 after purchasing an additional 19,817 shares in the last quarter. Trust Point Inc. bought a new position in SPS Commerce in the fourth quarter valued at approximately $3,164,000. Finally, Fenimore Asset Management Inc. boosted its stake in SPS Commerce by 0.4% in the fourth quarter. Fenimore Asset Management Inc. now owns 86,161 shares of the software maker’s stock valued at $16,701,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research note on Friday, February 9th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Citigroup assumed 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and an average target price of $199.67.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of SPS Commerce 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 directly owns 89,940 shares in the company, valued at approximately $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of SPS Commerce 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 directly owns 89,940 shares in the company, valued at approximately $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the transaction, the chief financial officer now owns 157,251 shares in the company, valued at $28,212,401.91. 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. Insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 1.4 %

SPSC opened at $165.49 on Friday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 94.03 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. The firm’s fifty day simple moving average is $181.40 and its 200 day simple moving average is $178.98.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data 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 net margin of 12.26% and a return on equity of 12.18%. The business had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $143.05 million. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

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.