Kimberly K. Nelson Sells 4,034 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SPS Commerce Price Performance

SPSC opened at $141.22 on Friday. The firm has a fifty day moving average price of $179.85 and a 200 day moving average price of $186.50. SPS Commerce, Inc. has a 1 year low of $139.59 and a 1 year high of $218.61. The stock has a market cap of $5.31 billion, a P/E ratio of 69.23 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after acquiring an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in SPS Commerce in the 3rd quarter worth $3,178,000. Synovus Financial Corp purchased a new stake in SPS Commerce in the 3rd quarter worth $1,809,000. JPMorgan Chase & Co. increased its holdings in SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after buying an additional 16,357 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SPSC. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Stifel Nicolaus decreased 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 note on Tuesday, February 11th. Finally, Robert W. Baird decreased their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

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.