E. Ohman J or Asset Management AB Increases Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

E. Ohman J or Asset Management AB grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,810 shares of the software maker’s stock after buying an additional 368 shares during the period. E. Ohman J or Asset Management AB’s holdings in SPS Commerce were worth $2,357,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after acquiring an additional 210,284 shares during the last quarter. FMR LLC lifted its stake in 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of SPS Commerce in the 3rd quarter worth about $17,128,000. Finally, Assenagon Asset Management S.A. increased its position in shares of SPS Commerce by 58.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker’s stock valued at $34,285,000 after purchasing an additional 69,029 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

NASDAQ SPSC opened at $181.19 on Wednesday. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The stock has a market capitalization of $6.81 billion, a PE ratio of 86.69 and a beta of 0.88. The business’s 50-day moving average is $189.42 and its 200 day moving average is $190.70.

Insiders Place Their Bets

In related news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on 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 owns 156,292 shares in the company, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,940 shares of company stock worth $4,696,861. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPSC. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. Piper Sandler initiated coverage on shares of SPS Commerce in a report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price on the stock. Robert W. Baird boosted their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus reduced their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $219.22.

SPS Commerce 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.