Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) EVP Sells 5,831 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 5,831 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SPS Commerce Trading Down 1.0 %

NASDAQ SPSC opened at $188.32 on Friday. The company’s fifty day simple moving average is $186.97 and its 200-day simple moving average is $191.39. The stock has a market cap of $7.07 billion, a P/E ratio of 90.11 and a beta of 0.86. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, research analysts expect that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPSC shares. Piper Sandler started coverage on SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus lifted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $220.78.

Institutional Investors Weigh In On SPS Commerce

A number of hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC raised its position in shares of SPS Commerce by 27.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 283,685 shares of the software maker’s stock valued at $55,083,000 after purchasing an additional 61,907 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after buying an additional 210,284 shares during the last quarter. Synovus Financial Corp acquired a new stake in SPS Commerce in the third quarter valued at $1,809,000. Tidal Investments LLC boosted its stake in SPS Commerce by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 1,937 shares of the software maker’s stock valued at $376,000 after acquiring an additional 265 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in SPS Commerce by 7.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,102 shares of the software maker’s stock worth $587,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

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.