Stifel Financial Corp Sells 329 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stifel Financial Corp decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,140 shares of the software maker’s stock after selling 329 shares during the period. Stifel Financial Corp owned about 0.08% of SPS Commerce worth $5,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SPSC. Barclays PLC boosted its position in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after buying an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 110 shares in the last quarter. Synovus Financial Corp acquired a new stake in SPS Commerce in the third quarter valued at approximately $1,809,000. Finally, JPMorgan Chase & Co. boosted 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 in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Northland Securities reiterated a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup lowered their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Piper Sandler cut their price objective 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. DA Davidson lowered their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $198.11.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $142.00 on Wednesday. The firm has a market capitalization of $5.40 billion, a P/E ratio of 69.61 and a beta of 0.89. The stock has a 50-day simple moving average of $131.74 and a two-hundred day simple moving average of $165.41. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. SPS Commerce’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the transaction, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,864 shares of company stock valued at $6,613,078. Corporate insiders own 0.98% of the company’s stock.

SPS Commerce 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.