Kimberly K. Nelson Sells 4,034 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the transaction, the chief financial officer now directly owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SPS Commerce Trading Down 2.1 %

Shares of SPSC stock opened at $143.54 on Friday. SPS Commerce, Inc. has a 12 month low of $142.81 and a 12 month high of $218.61. The stock has a market cap of $5.39 billion, a PE ratio of 70.36 and a beta of 0.88. The company’s fifty day moving average price is $180.87 and its 200-day moving average price is $186.85.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPSC has been the topic of several analyst reports. Needham & Company LLC decreased their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Northland Securities reissued a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Robert W. Baird reduced their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC boosted its stake in SPS Commerce by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after purchasing an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after purchasing an additional 55 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in SPS Commerce by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after purchasing an additional 58 shares in the last quarter. Amalgamated Bank boosted its stake in SPS Commerce by 0.6% in the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after purchasing an additional 61 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in SPS Commerce by 2.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after purchasing an additional 62 shares in the last quarter. Institutional investors 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.