SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 2,591 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Dan Juckniess also recently made the following trade(s):

• On Thursday, January 30th, Dan Juckniess sold 9,819 shares of SPS Commerce stock. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54.
• On Wednesday, December 18th, Dan Juckniess sold 5,831 shares of SPS Commerce stock. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61.

SPS Commerce Stock Performance

SPSC stock traded down $3.14 during trading on Thursday, reaching $143.54. 366,034 shares of the company were exchanged, compared to its average volume of 290,377. The company has a market cap of $5.39 billion, a P/E ratio of 70.36 and a beta of 0.88. SPS Commerce, Inc. has a 52-week low of $142.81 and a 52-week high of $218.61. The stock’s 50 day moving average price is $180.87 and its 200 day moving average price is $186.85.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup reduced their price objective 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. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities restated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note 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, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

Hedge Funds Weigh In On SPS Commerce

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of SPS Commerce by 129.9% during the third 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 period. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $41,000. Finally, R Squared Ltd purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $57,000. Hedge funds and other 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.