Moody Aldrich Partners LLC Sells 1,055 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody Aldrich Partners LLC lowered its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,039 shares of the software maker’s stock after selling 1,055 shares during the quarter. SPS Commerce comprises 1.3% of Moody Aldrich Partners LLC’s portfolio, making the stock its 21st biggest holding. Moody Aldrich Partners LLC’s holdings in SPS Commerce were worth $6,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after buying an additional 16,357 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of SPS Commerce by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after purchasing an additional 21,170 shares in the last quarter. Geode Capital Management LLC grew its position in shares of SPS Commerce by 1.5% during the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after purchasing an additional 14,174 shares in the last quarter. FMR LLC grew its position in shares of SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SPS Commerce by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock worth $90,317,000 after purchasing an additional 8,186 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $196.00 on Wednesday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 93.78 and a beta of 0.88. The stock has a 50 day moving average price of $189.92 and a 200-day moving average price of $191.47. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74.

Analyst Upgrades and Downgrades

SPSC has been the subject of several research analyst reports. Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus cut their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Piper Sandler assumed coverage on SPS Commerce in a report on Monday, November 25th. They set a “neutral” rating and a $198.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Wednesday, January 15th. Finally, Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.22.

Insider Transactions at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.