Rhumbline Advisers raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,957 shares of the software maker's stock after buying an additional 4,536 shares during the quarter. Rhumbline Advisers owned 0.26% of SPS Commerce worth $10,735,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SPSC. Envestnet Asset Management Inc. lifted its stake in SPS Commerce by 12.7% during the first quarter. Envestnet Asset Management Inc. now owns 144,635 shares of the software maker's stock valued at $18,976,000 after buying an additional 16,274 shares in the last quarter. Victory Capital Management Inc. lifted its stake in SPS Commerce by 66.9% during the first quarter. Victory Capital Management Inc. now owns 8,577 shares of the software maker's stock valued at $1,026,000 after buying an additional 3,438 shares in the last quarter. Stephens Inc. AR lifted its stake in SPS Commerce by 26.6% during the first quarter. Stephens Inc. AR now owns 2,180 shares of the software maker's stock valued at $286,000 after buying an additional 458 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in SPS Commerce by 7.9% during the first quarter. Advisor Group Holdings Inc. now owns 14,918 shares of the software maker's stock valued at $1,979,000 after buying an additional 1,096 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in SPS Commerce by 0.3% during the first quarter. California Public Employees Retirement System now owns 80,754 shares of the software maker's stock valued at $10,595,000 after buying an additional 273 shares in the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.
Get SPS Commerce alerts:Insider Buying and Selling
In related news, Director Philip Soran sold 1,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the transaction, the director now owns 17,684 shares in the company, valued at $2,387,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Philip Soran sold 1,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the transaction, the director now owns 17,684 shares in the company, valued at $2,387,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Archie C. Black sold 8,530 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $135.45, for a total value of $1,155,388.50. Following the completion of the transaction, the chief executive officer now owns 56,272 shares in the company, valued at approximately $7,622,042.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,138 shares of company stock worth $3,091,625. Insiders own 1.30% of the company's stock.
SPS Commerce Price Performance
NASDAQ SPSC opened at $133.42 on Wednesday. The company has a 50 day simple moving average of $126.38 and a 200-day simple moving average of $119.20. SPS Commerce, Inc. has a 52-week low of $96.41 and a 52-week high of $147.78. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 95.30 and a beta of 0.71.Analyst Ratings Changes
SPSC has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of SPS Commerce from $140.00 to $150.00 in a research note on Wednesday, October 5th. StockNews.com started coverage on shares of SPS Commerce in a research report on Wednesday, October 12th. They issued a "buy" rating for the company. Finally, TheStreet lowered shares of SPS Commerce from a "b-" rating to a "c" rating in a research report on Friday, October 28th.
About SPS Commerce
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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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