SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 17.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,946 shares of the software maker’s stock after selling 2,045 shares during the quarter. Focus Financial Network Inc.’s holdings in SPS Commerce were worth $1,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce in the third quarter valued at about $3,178,000. Synovus Financial Corp acquired a new stake in SPS Commerce during the third quarter worth about $1,809,000. JPMorgan Chase & Co. increased its stake in SPS Commerce by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after acquiring an additional 104,210 shares during the period. Finally, State Street Corp raised its holdings in SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after acquiring an additional 16,357 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 13.8 %

Shares of SPSC stock opened at $152.72 on Wednesday. The firm has a market capitalization of $5.74 billion, a P/E ratio of 73.07 and a beta of 0.88. SPS Commerce, Inc. has a 1 year low of $148.00 and a 1 year high of $218.61. The firm’s fifty day moving average price is $187.58 and its two-hundred day moving average price is $189.54.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. As a group, equities research analysts forecast that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock valued at $6,379,187 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SPSC shares. Piper Sandler decreased their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday. Needham & Company LLC dropped their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

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.