Neuberger Berman Holds 1.77M Shares of SPS Commerce Stock
Ticker: SPSC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1092699
| Field | Detail |
|---|---|
| Company | Sps Commerce Inc (SPSC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**Neuberger Berman owns 1.77M shares of SPS Commerce, watch for big moves.**
AI Summary
Neuberger Berman Group LLC, a Delaware-incorporated investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in SPS Commerce Inc. As of December 31, 2023, Neuberger Berman reported shared voting and dispositive power over 1,775,850 shares of SPS Commerce common stock. This filing indicates a significant institutional holding, which can provide stability but also means large share blocks could be sold, potentially impacting the stock price.
Why It Matters
This filing shows a major institutional investor's stake in SPS Commerce, which can influence stock stability and liquidity. Investors should note that large institutional holdings can sometimes lead to price volatility if the institution decides to significantly alter its position.
Risk Assessment
Risk Level: medium — A large institutional holding creates medium risk due to potential price volatility if the institution significantly changes its position.
Analyst Insight
Investors should monitor future SC 13G/A filings from Neuberger Berman Group LLC for any significant changes in their 1,775,850 share position, as large sales could put downward pressure on SPS Commerce Inc.'s stock price.
Key Numbers
- 1,775,850 — Shares Beneficially Owned (Represents the number of SPS Commerce Inc. common shares over which Neuberger Berman Group LLC has shared voting and dispositive power as of December 31, 2023.)
- 78463M107 — CUSIP Number (Identifies the specific class of securities (Common Stock) of SPS Commerce Inc.)
Key Players & Entities
- Neuberger Berman Group LLC (company) — the reporting person and institutional investor
- SPS Commerce Inc. (company) — the subject company whose securities are being reported
- Delaware (company) — state of incorporation for Neuberger Berman Group LLC
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Neuberger Berman Group LLC will maintain a significant stake in SPS Commerce Inc. for the foreseeable future. (Neuberger Berman Group LLC) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Neuberger Berman Group LLC, as stated in the 'Names of Reporting Persons' section and the 'FILED BY' section of the filing.
What is the subject company whose shares are being reported?
The subject company is SPS COMMERCE INC, as indicated in the 'Name of Issuer' section and 'SUBJECT COMPANY' data.
How many shares of SPS Commerce Inc. does Neuberger Berman Group LLC beneficially own with shared voting power?
As of December 31, 2023, Neuberger Berman Group LLC beneficially owns 1,775,850 shares of SPS Commerce Inc. with shared voting power, according to item (6) on the cover page.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the 'x' next to '[ x ] Rule 13d-1(b)' in the filing.
Filing Stats: 1,329 words · 5 min read · ~4 pages · Grade level 9.8 · Accepted 2024-02-12 16:05:16
Filing Documents
- formsc13ga-02122024_090204.htm (SC 13G/A) — 50KB
- 0001415889-24-003360.txt ( ) — 52KB
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ x ]
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. N/A
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. N/A
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. N/A
Certification
Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director