Alliance Wealth Advisors LLC UT Acquires 161 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Alliance Wealth Advisors LLC UT increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,866 shares of the software maker’s stock after purchasing an additional 161 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in SPS Commerce were worth $1,525,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in SPS Commerce by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after buying an additional 33,874 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of SPS Commerce by 27.6% during the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after purchasing an additional 128,788 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of SPS Commerce by 19.0% during the third quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock worth $97,155,000 after purchasing an additional 90,964 shares in the last quarter. FMR LLC increased its position in shares of SPS Commerce by 0.4% during the third quarter. FMR LLC now owns 507,955 shares of the software maker’s stock worth $86,662,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of SPS Commerce by 1.0% during the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after purchasing an additional 4,764 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

NASDAQ:SPSC traded up $9.53 during mid-day trading on Friday, hitting $178.96. The company’s stock had a trading volume of 369,697 shares, compared to its average volume of 180,762. The business’s fifty day moving average is $178.97 and its two-hundred day moving average is $179.08. SPS Commerce, Inc. has a 1 year low of $140.00 and a 1 year high of $218.74. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 97.79 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. Analysts anticipate that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the transaction, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,688 shares of company stock worth $12,122,275. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SPSC shares. Robert W. Baird upped their price target on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup initiated coverage on SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

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.