Wallace Advisory Group LLC Reduces Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Wallace Advisory Group LLC reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,052 shares of the software maker’s stock after selling 167 shares during the quarter. Wallace Advisory Group LLC’s holdings in SPS Commerce were worth $398,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after purchasing an additional 44,946 shares in the last quarter. AXA S.A. raised its holdings in SPS Commerce by 19.4% during the 2nd quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock valued at $5,530,000 after buying an additional 4,784 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of SPS Commerce during the third quarter worth about $3,178,000. Synovus Financial Corp bought a new stake in shares of SPS Commerce in the 3rd quarter worth approximately $1,809,000. Finally, Hsbc Holdings PLC boosted its holdings in SPS Commerce by 448.2% in the second quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock valued at $6,295,000 after acquiring an additional 27,376 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Friday, January 3rd. Robert W. Baird raised their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Piper Sandler assumed coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

SPS Commerce Stock Down 0.1 %

SPS Commerce stock opened at $179.02 on Tuesday. The business has a fifty day moving average of $187.61 and a two-hundred day moving average of $191.38. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The firm has a market cap of $6.73 billion, a P/E ratio of 85.66 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. Equities analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following 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 11.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. The trade was a 19.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% 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.