SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,083 shares of the software maker’s stock after selling 810 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of SPS Commerce worth $3,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SPSC. Pathstone Holdings LLC increased its position in shares of SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after buying an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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 valued at $256,000 after acquiring an additional 55 shares during the period. Coldstream Capital Management Inc. grew 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 valued at $237,000 after acquiring an additional 58 shares during the period. Amalgamated Bank increased its holdings 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 acquiring an additional 61 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $132.04 on Friday. SPS Commerce, Inc. has a one year low of $131.90 and a one year high of $218.61. The stock has a market cap of $4.99 billion, a PE ratio of 64.73 and a beta of 0.88. The stock has a 50 day moving average price of $176.31 and a 200 day moving average price of $185.23.

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, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPSC shares. 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. Robert W. Baird lowered their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus cut their price objective 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. Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Citigroup lowered their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.11.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock valued at $7,781,086 over the last ninety days. Company insiders own 1.00% of the company’s stock.

About SPS Commerce

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.