SPS Commerce (NASDAQ:SPSC) Director Marty Reaume Sells 4,536 Shares of Company Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Marty Reaume sold 4,536 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $86.86, for a total transaction of $393,996.96. Following the completion of the transaction, the director owned 12,894 shares in the company, valued at approximately $1,119,972.84. This trade represents a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

SPS Commerce Price Performance

SPS Commerce stock opened at $82.57 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 36.70 and a beta of 0.66. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $96.54. The firm’s 50-day moving average is $83.68 and its two-hundred day moving average is $68.27.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 29th. The software maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. The business had revenue of $197.65 million during the quarter, compared to analyst estimates of $197.51 million. SPS Commerce had a net margin of 10.65% and a return on equity of 13.72%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. As a group, analysts forecast that SPS Commerce, Inc. will post 3.67 EPS for the current year.

Hedge Funds Weigh In On SPS Commerce

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its stake in shares of SPS Commerce by 72.5% during the third quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker’s stock worth $27,000 after purchasing an additional 140 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of SPS Commerce by 11.8% in the third quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock worth $142,000 after buying an additional 182 shares during the period. Parallel Advisors LLC boosted its position in shares of SPS Commerce by 100.0% in the third quarter. Parallel Advisors LLC now owns 566 shares of the software maker’s stock worth $47,000 after buying an additional 283 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of SPS Commerce by 5.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,418 shares of the software maker’s stock worth $456,000 after buying an additional 301 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of SPS Commerce by 22.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,842 shares of the software maker’s stock valued at $152,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPSC. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Sunday, October 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.33.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.