SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,525 shares of the software maker’s stock after selling 110 shares during the quarter. Evergreen Capital Management LLC’s holdings in SPS Commerce were worth $649,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC grew its stake in shares of SPS Commerce by 383.2% in the fourth quarter. Jump Financial LLC now owns 19,047 shares of the software maker’s stock worth $3,504,000 after purchasing an additional 15,105 shares in the last quarter. Defined Financial Planning LLC bought a new position in SPS Commerce in the 4th quarter valued at about $210,000. Barclays PLC increased its stake in SPS Commerce by 4.2% during the 4th quarter. Barclays PLC now owns 69,192 shares of the software maker’s stock valued at $12,730,000 after buying an additional 2,805 shares during the period. Summit Investment Advisors Inc. raised its position in shares of SPS Commerce by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,894 shares of the software maker’s stock worth $716,000 after buying an additional 135 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of SPS Commerce by 1.2% in the 4th quarter. Synovus Financial Corp now owns 9,430 shares of the software maker’s stock worth $1,735,000 after acquiring an additional 115 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Wednesday, March 26th. DA Davidson lowered their target price on SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird dropped 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 report on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.89.

SPS Commerce Price Performance

Shares of SPSC opened at $129.06 on Friday. The company has a 50-day moving average of $133.87 and a two-hundred day moving average of $168.78. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 63.27 and a beta of 0.89. SPS Commerce, Inc. has a one year low of $120.09 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 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%. Analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 0.98% of the stock is currently owned by company insiders.

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.