Alliance Wealth Advisors LLC UT Has $1.53 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Alliance Wealth Advisors LLC UT increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,866 shares of the software maker’s stock after acquiring an additional 161 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in SPS Commerce were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of SPS Commerce during the fourth quarter worth $26,000. NBC Securities Inc. acquired a new stake in shares of SPS Commerce during the 3rd quarter valued at $35,000. CVA Family Office LLC bought a new stake in SPS Commerce during the 4th quarter worth $44,000. RiverPark Advisors LLC acquired a new position in SPS Commerce in the 3rd quarter worth about $42,000. Finally, Operose Advisors LLC bought a new position in SPS Commerce in the third quarter valued at about $46,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Up 5.6 %

NASDAQ:SPSC traded up $9.53 on Friday, hitting $178.96. The stock had a trading volume of 369,697 shares, compared to its average volume of 180,762. The business’s fifty day moving average is $178.97 and its 200 day moving average is $179.08. The company has a market cap of $6.64 billion, a PE ratio of 97.79 and a beta of 0.79. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. Equities analysts predict that SPS Commerce, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPSC shares. Citigroup began coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday. Robert W. Baird lifted their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $196.57.

Insiders Place Their Bets

In other news, COO James J. Frome sold 12,887 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the sale, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Kimberly K. Nelson sold 12,907 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.41, for a total value of $2,315,644.87. Following the completion of the sale, the chief financial officer now directly owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James J. Frome sold 12,887 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the sale, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,688 shares of company stock worth $12,122,275. Corporate insiders own 1.00% of the company’s stock.

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.