SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 2,591 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dan Juckniess also recently made the following trade(s):

• On Thursday, January 30th, Dan Juckniess sold 9,819 shares of SPS Commerce stock. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54.
• On Wednesday, December 18th, Dan Juckniess sold 5,831 shares of SPS Commerce stock. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $143.54 on Friday. SPS Commerce, Inc. has a one year low of $142.81 and a one year high of $218.61. The company’s 50-day simple moving average is $180.87 and its 200-day simple moving average is $186.85. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 70.36 and a beta of 0.88.

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

Hedge Funds Weigh In On SPS Commerce

A number of large investors have recently bought and sold shares of SPSC. Exchange Traded Concepts LLC lifted its holdings in SPS Commerce by 63.1% in the third quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock worth $128,000 after acquiring an additional 255 shares during the last quarter. Creative Planning lifted its holdings in SPS Commerce by 13.6% in the third quarter. Creative Planning now owns 10,069 shares of the software maker’s stock worth $1,955,000 after acquiring an additional 1,204 shares during the last quarter. Blue Trust Inc. lifted its holdings in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC lifted its holdings in SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after acquiring an additional 69 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in SPS Commerce by 9,418.6% in the third quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after acquiring an additional 9,607 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Needham & Company LLC lowered their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Six investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target 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.