Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,022 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,653 shares of the software maker’s stock after purchasing an additional 1,022 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SPS Commerce were worth $1,776,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in SPS Commerce by 33.4% during the third quarter. Victory Capital Management Inc. now owns 16,424 shares of the software maker’s stock valued at $3,189,000 after acquiring an additional 4,115 shares during the last quarter. KBC Group NV increased its position in SPS Commerce by 14.6% during the third quarter. KBC Group NV now owns 1,076 shares of the software maker’s stock valued at $209,000 after acquiring an additional 137 shares during the last quarter. Huntington National Bank increased its position in SPS Commerce by 63.0% during the third quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after acquiring an additional 172 shares during the last quarter. CIBC Asset Management Inc bought a new position in SPS Commerce during the third quarter valued at $210,000. Finally, Quest Partners LLC increased its position in SPS Commerce by 85.8% during the third quarter. Quest Partners LLC now owns 12,028 shares of the software maker’s stock valued at $2,335,000 after acquiring an additional 5,553 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPSC shares. Citigroup cut their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC cut their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction 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 approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is currently owned by insiders.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $128.91 on Tuesday. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The company has a 50-day moving average of $162.61 and a 200 day moving average of $179.53. The firm has a market cap of $4.87 billion, a PE ratio of 63.19 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

SPS Commerce Company Profile

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.