Bouvel Investment Partners LLC Grows Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Bouvel Investment Partners LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,258 shares of the software maker’s stock after purchasing an additional 200 shares during the period. Bouvel Investment Partners LLC’s holdings in SPS Commerce were worth $3,359,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC increased its position in shares of SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after buying an additional 69 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after buying an additional 326 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Wednesday. Stifel Nicolaus cut their price target on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Robert W. Baird lifted their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Piper Sandler started coverage on shares of SPS Commerce in a research note on Monday, November 25th. They set a “neutral” rating and a $198.00 price target on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $191.42 on Friday. The business has a 50-day moving average of $188.03 and a two-hundred day moving average of $191.31. The firm has a market capitalization of $7.19 billion, a PE ratio of 91.59 and a beta of 0.88. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.