SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 19.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,869 shares of the software maker’s stock after selling 3,150 shares during the period. First Hawaiian Bank’s holdings in SPS Commerce were worth $2,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SPSC. Dimensional Fund Advisors LP lifted its position in SPS Commerce by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock valued at $95,527,000 after acquiring an additional 7,179 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SPS Commerce by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,703 shares of the software maker’s stock valued at $83,681,000 after acquiring an additional 12,091 shares during the last quarter. Axiom Investors LLC DE lifted its position in SPS Commerce by 183.0% in the fourth quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock valued at $25,307,000 after acquiring an additional 84,420 shares during the last quarter. Fisher Asset Management LLC lifted its position in SPS Commerce by 23.1% in the fourth quarter. Fisher Asset Management LLC now owns 82,537 shares of the software maker’s stock valued at $15,999,000 after acquiring an additional 15,514 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in SPS Commerce by 11.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after acquiring an additional 3,340 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $9.33 during mid-day trading on Monday, reaching $191.23. The company’s stock had a trading volume of 165,266 shares, compared to its average volume of 182,461. The company has a market cap of $7.09 billion, a P/E ratio of 104.40 and a beta of 0.85. The firm’s 50-day moving average is $193.44 and its two-hundred day moving average is $187.16. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. SPS Commerce’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPSC shares. Citigroup upped their target price on shares of SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a report on Friday, May 10th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and upped their target price for the company from $205.00 to $209.00 in a report on Monday, July 29th. William Blair reaffirmed a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Redburn Atlantic started coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They set a “buy” rating and a $220.00 price target on the stock. Five 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 MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

Insiders Place Their Bets

In related news, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the transaction, the director now directly owns 14,728 shares in the company, valued at approximately $2,855,759.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip Soran sold 2,390 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock valued at $2,422,377 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.