SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells $597,717.78 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This represents a 0.16 % 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.

SPS Commerce Trading Down 1.6 %

NASDAQ:SPSC opened at $141.22 on Friday. The stock has a 50 day moving average of $179.85 and a 200-day moving average of $186.46. The firm has a market capitalization of $5.33 billion, a PE ratio of 69.23 and a beta of 0.88. SPS Commerce, Inc. has a 52 week low of $139.59 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data 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 return on equity of 12.27% and a net margin of 12.08%. As a group, analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPSC shares. Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. 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. Citigroup decreased their price target 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. Stifel Nicolaus cut their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $207.11.

Hedge Funds Weigh In On SPS Commerce

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after acquiring an additional 67,687 shares during the last quarter. State Street Corp grew its position in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after acquiring an additional 16,357 shares during the last quarter. FMR LLC grew its position in shares of SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after acquiring an additional 742,686 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of SPS Commerce by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after acquiring an additional 21,170 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of SPS Commerce by 1.5% during the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after acquiring an additional 14,174 shares during 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.