Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells 4,034 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the transaction, the chief financial officer now directly owns 2,442,968 shares in the company, valued at $361,974,568.56. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SPS Commerce Price Performance

Shares of SPSC stock traded down $3.14 on Thursday, hitting $143.54. 366,034 shares of the company’s stock were exchanged, compared to its average volume of 290,377. SPS Commerce, Inc. has a 12 month low of $142.81 and a 12 month high of $218.61. The stock has a market cap of $5.39 billion, a P/E ratio of 70.36 and a beta of 0.88. The company has a 50 day moving average of $180.87 and a 200 day moving average of $186.85.

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%. Sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SPSC shares. Northland Securities reissued a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Robert W. Baird decreased their target price 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 reduced their price target 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. Finally, Piper Sandler reduced their price target 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $207.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Barclays PLC lifted its position in shares of SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after buying an additional 44,946 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in SPS Commerce in the third quarter valued at $3,178,000. Synovus Financial Corp bought a new position in SPS Commerce in the third quarter valued at $1,809,000. JPMorgan Chase & Co. increased its stake in SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Finally, State Street Corp increased its stake in SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after acquiring an additional 16,357 shares during the last quarter. Institutional investors own 98.96% 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.