SPS Commerce, Inc. (NASDAQ:SPSC) CEO Sells $1,160,509.91 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $185.23 on Friday. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 88.63 and a beta of 0.84. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The company’s 50 day moving average price is $188.03 and its 200 day moving average price is $191.06.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. raised its stake in shares of SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC purchased a new stake in SPS Commerce during the 2nd quarter worth $30,000. Blue Trust Inc. lifted its holdings in 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 buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its position in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of SPS Commerce during the second quarter valued at about $63,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPSC shares. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Finally, Robert W. Baird increased their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $223.63.

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.