SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins Sells 2,840 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $141.22 on Friday. The firm has a market capitalization of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88. The company’s fifty day moving average price is $179.85 and its two-hundred day moving average price is $186.50. SPS Commerce, Inc. has a 52-week low of $139.59 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results 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 12.27% and a net margin of 12.08%. Analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler dropped their target price 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. Robert W. Baird dropped their target price 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, Needham & Company LLC dropped 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 report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Institutional Investors Weigh In On SPS Commerce

Several large investors have recently made changes to their positions in SPSC. Exchange Traded Concepts LLC grew its holdings in shares of SPS Commerce by 63.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock worth $128,000 after purchasing an additional 255 shares during the last quarter. Creative Planning grew its holdings in shares of SPS Commerce by 13.6% in the 3rd quarter. Creative Planning now owns 10,069 shares of the software maker’s stock worth $1,955,000 after purchasing an additional 1,204 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC lifted its position in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after buying an additional 69 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in SPS Commerce by 9,418.6% during the 3rd quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after buying an additional 9,607 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.