Johnson Financial Group Inc. Acquires New Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Johnson Financial Group Inc. acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 380 shares of the software maker’s stock, valued at approximately $70,000.

Several other hedge funds have also recently bought and sold shares of SPSC. Susquehanna Fundamental Investments LLC bought a new stake in shares of SPS Commerce during the 4th quarter worth about $256,000. Nebula Research & Development LLC raised its position in shares of SPS Commerce by 237.9% during the 4th quarter. Nebula Research & Development LLC now owns 9,790 shares of the software maker’s stock worth $1,801,000 after buying an additional 6,893 shares in the last quarter. Oberweis Asset Management Inc. raised its position in shares of SPS Commerce by 34.3% during the 4th quarter. Oberweis Asset Management Inc. now owns 46,600 shares of the software maker’s stock worth $8,574,000 after buying an additional 11,900 shares in the last quarter. Hancock Whitney Corp raised its position in shares of SPS Commerce by 8.3% during the 4th quarter. Hancock Whitney Corp now owns 1,193 shares of the software maker’s stock worth $220,000 after buying an additional 91 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of SPS Commerce by 19.8% during the 4th quarter. MGO One Seven LLC now owns 4,078 shares of the software maker’s stock worth $750,000 after buying an additional 674 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Up 1.2 %

SPSC opened at $139.53 on Tuesday. The stock has a fifty day moving average of $131.77 and a 200-day moving average of $165.57. The firm has a market capitalization of $5.31 billion, a P/E ratio of 68.40 and a beta of 0.89. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on SPSC shares. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday. Piper Sandler lowered their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $198.11.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is owned by insiders.

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.