Hilltop National Bank Sells 57 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Hilltop National Bank cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 8.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 657 shares of the software maker’s stock after selling 57 shares during the period. Hilltop National Bank’s holdings in SPS Commerce were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSC. Franklin Resources Inc. grew its stake in shares of SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after buying an additional 210,284 shares in the last quarter. FMR LLC increased its holdings in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after purchasing an additional 104,769 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 104,210 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of SPS Commerce by 2,099.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after purchasing an additional 92,381 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of SPS Commerce in the third quarter valued at $17,128,000. 98.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, January 3rd. Piper Sandler assumed coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective on the stock. Robert W. Baird upped their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $218.00.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $179.13 on Friday. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The firm has a 50-day moving average of $187.12 and a 200-day moving average of $191.40. The stock has a market cap of $6.73 billion, a PE ratio of 85.71 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping 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 business 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 business posted $0.53 earnings per share. SPS Commerce’s revenue was up 20.7% compared to the same quarter last year. Equities research analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.