SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by MetLife Investment Management LLC

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,282 shares of the software maker’s stock after purchasing an additional 765 shares during the period. MetLife Investment Management LLC owned 0.05% of SPS Commerce worth $2,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPSC. Leverty Financial Group LLC acquired a new stake in shares of SPS Commerce in the third quarter worth $218,000. Texas Permanent School Fund increased its position in shares of SPS Commerce by 2.3% in the second quarter. Texas Permanent School Fund now owns 26,089 shares of the software maker’s stock worth $2,949,000 after acquiring an additional 592 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of SPS Commerce in the third quarter worth $267,000. Xponance Inc. increased its position in shares of SPS Commerce by 15.1% in the second quarter. Xponance Inc. now owns 1,969 shares of the software maker’s stock worth $223,000 after acquiring an additional 258 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of SPS Commerce by 7.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 10,244 shares of the software maker’s stock worth $1,273,000 after acquiring an additional 747 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

SPS Commerce Price Performance

NASDAQ SPSC opened at $148.25 on Friday. SPS Commerce, Inc. has a 12 month low of $96.41 and a 12 month high of $157.46. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 99.50 and a beta of 0.75. The company’s fifty day moving average price is $136.08 and its two-hundred day moving average price is $130.32.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 4,159 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $146.88, for a total value of $610,873.92. Following the transaction, the chief financial officer now directly owns 148,734 shares in the company, valued at approximately $21,846,049.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Kimberly K. Nelson sold 4,159 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $146.88, for a total value of $610,873.92. Following the transaction, the chief financial officer now directly owns 148,734 shares in the company, valued at approximately $21,846,049.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kimberly K. Nelson sold 2,526 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $146.15, for a total transaction of $369,174.90. Following the completion of the transaction, the chief financial officer now owns 126,388 shares in the company, valued at $18,471,606.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,132 shares of company stock worth $19,996,444. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPSC. JMP Securities raised their price target on shares of SPS Commerce from $150.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, February 10th. Northland Securities raised their price target on shares of SPS Commerce from $148.00 to $151.00 and gave the company a “market perform” rating in a report on Friday, February 10th. Robert W. Baird lowered shares of SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 price target for the company. in a report on Wednesday, December 14th. Finally, Needham & Company LLC raised their price target on shares of SPS Commerce from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.17.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.

Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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