Janus Henderson Group PLC has sold its interest in the shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) increased 4.3% in the third quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission (SEC). . The institutional investor owned 44,767 shares of the software maker, having acquired an additional 1,858 shares during the period. Janus Henderson Group PLC owned about 0.12% of SPS Commerce worth $8,690,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently changed their stock holdings. Cetera Advisors LLC acquired a new position in SPS Commerce during the first quarter valued at approximately $465,000. Mather Group LLC. increased its stake in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker worth $27,000, after buying an additional 128 shares in the last quarter. CWM LLC grew its position in shares of SPS Commerce by 25.3% in the second quarter. CWM LLC now owns 431 shares of the software maker’s stock worth $81,000 after acquiring an additional 87 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of SPS Commerce by 79.0% in the second quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock worth $1,562,000 after acquiring an additional 3,662 shares in the last quarter. Finally, Assenagon Asset Management SA increased its position in shares of SPS Commerce by 662.8% during the second quarter. Assenagon Asset Management SA now owns 90,694 shares of the software maker’s stock worth $17,065,000 after acquiring an additional 78,805 shares in the last quarter. Institutional investors own 98.96% of the company’s shares.
Buying and selling with insider information
In related news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5. The stock sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the CEO now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The transaction resulted in an 11.16% decrease in their ownership of the shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 1.00% of the shares are owned by business insiders.
SPS Commerce stock performance
NASDAQ:SPSC opened at $192.79 on Monday. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74. The company has a fifty-day moving average of $186.52 and a 200-day moving average of $191.08. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 92.24 and a beta of 0.86.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last reported its earnings results on Thursday, October 24. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. During the same quarter of the previous year, the company posted earnings per share of $0.53. SPS Commerce’s turnover increased by 20.7% compared to the same quarter last year. On average, stock analysts predict that SPS Commerce, Inc. will post earnings per share of 2.38 for the current year.
Wall Street analysts weigh in
SPSC has been the subject of a number of research reports. Robert W. Baird raised their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28. Piper Sandler opened up on shares of SPS Commerce in a report on Monday, November 25. They issued a ‘neutral’ rating and a $198.00 price target for the company. Stifel Nicolaus raised their price objective on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, October 25. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.78.
Get our latest report on SPSC
About SPS Commerce
(Free report)
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through SPS Commerce, a cloud-based platform that improves the way retailers, grocers, suppliers, distributors and logistics companies manage and fulfill omnichannel orders, optimize sell-through performance and automate new commerce relationships.
See also
Would you like to see which other hedge funds own SPSC? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for SPS Commerce, Inc. (NASDAQ:SPSC – Free Report).
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