SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins Sells 2,840 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $143.54 on Friday. SPS Commerce, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $218.61. The business has a 50-day simple moving average of $180.87 and a two-hundred day simple moving average of $186.85. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 70.36 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share 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, research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its stake in shares of SPS Commerce by 63.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock worth $128,000 after purchasing an additional 255 shares during the period. Creative Planning raised its position in SPS Commerce by 13.6% in the third quarter. Creative Planning now owns 10,069 shares of the software maker’s stock worth $1,955,000 after acquiring an additional 1,204 shares during the period. Blue Trust Inc. boosted its stake in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC grew its position in shares of SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after acquiring an additional 69 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of SPS Commerce by 9,418.6% in the 3rd quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after purchasing an additional 9,607 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup dropped their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Piper Sandler dropped their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and six have given 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 price target of $207.11.

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.