310 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the 4th quarter, Holdings Channel.com reports. The fund purchased 310 shares of the software maker’s stock, valued at approximately $57,000.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in SPS Commerce by 140.8% in the third 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. grew its holdings in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the period. Signaturefd LLC increased its stake in shares of SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after acquiring an additional 69 shares during the last quarter. Avior Wealth Management LLC lifted its holdings 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 acquiring an additional 326 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of SPS Commerce in the fourth quarter worth approximately $69,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPS Commerce stock opened at $184.68 on Friday. The firm has a market capitalization of $6.94 billion, a PE ratio of 88.36 and a beta of 0.88. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The stock’s 50 day moving average price is $189.93 and its 200 day moving average price is $191.13.

Insider Transactions at SPS Commerce

In other SPS Commerce 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 value of $1,168,007.61. Following the transaction, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. The trade was a 19.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction 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 approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler assumed coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Wednesday, January 15th. Robert W. Baird boosted their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus cut their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $219.22.

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.