Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) CEO Sells $1,160,509.91 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SPS Commerce Price Performance

NASDAQ SPSC opened at $185.23 on Friday. The stock’s 50 day simple moving average is $188.03 and its 200-day simple moving average is $191.06. The company has a market cap of $6.96 billion, a PE ratio of 88.63 and a beta of 0.84. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same quarter in the prior year, the company earned $0.53 EPS. SPS Commerce’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its holdings in SPS Commerce by 79.0% in the 2nd quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after purchasing an additional 3,662 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of SPS Commerce by 11.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after buying an additional 3,340 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of SPS Commerce by 60.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 68,135 shares of the software maker’s stock valued at $12,598,000 after buying an additional 25,636 shares during the period. Vanguard Group Inc. lifted its stake in SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares in the last quarter. Finally, AXA S.A. lifted its stake in SPS Commerce by 19.4% during the 2nd quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock worth $5,530,000 after acquiring an additional 4,784 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 research firms recently commented on SPSC. DA Davidson raised their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday, October 25th. Robert W. Baird lifted their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Five investment 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 presently has an average rating of “Moderate Buy” and an average target price of $223.63.

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.