SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,162 shares of the software maker’s stock after acquiring an additional 11,730 shares during the period. Deutsche Bank AG’s holdings in SPS Commerce were worth $13,461,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Amalgamated Bank grew its position in SPS Commerce by 0.6% in the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock valued at $2,025,000 after buying an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in SPS Commerce by 6.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock valued at $231,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. grew its position in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares in the last quarter. Amica Retiree Medical Trust grew its position in SPS Commerce by 19.4% in the 4th quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock valued at $95,000 after buying an additional 84 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in SPS Commerce by 1.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock valued at $1,476,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPSC shares. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Robert W. Baird raised their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Four equities research analysts have 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 currently has an average rating of “Moderate Buy” and a consensus price target of $195.38.

Insider Buying and Selling at SPS Commerce

In related news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now directly owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,465 shares of company stock valued at $1,401,898. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Trading Down 0.7%

Shares of SPS Commerce stock opened at $148.63 on Friday. The company’s fifty day simple moving average is $134.67 and its 200-day simple moving average is $161.98. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 72.86 and a beta of 0.81. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The firm had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

SPS Commerce Company 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.