SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 137,973 shares of the software maker’s stock after selling 5,581 shares during the quarter. Congress Wealth Management LLC DE’s holdings in SPS Commerce were worth $25,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SPSC. Summit Creek Advisors LLC raised its stake in shares of SPS Commerce by 7.9% during the 4th quarter. Summit Creek Advisors LLC now owns 127,150 shares of the software maker’s stock worth $23,394,000 after buying an additional 9,293 shares in the last quarter. Vanguard Group Inc. grew its holdings in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after acquiring an additional 67,687 shares during the period. LPL Financial LLC raised its position in SPS Commerce by 13.0% in the fourth quarter. LPL Financial LLC now owns 46,561 shares of the software maker’s stock worth $8,674,000 after acquiring an additional 5,353 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SPS Commerce in the fourth quarter valued at $1,417,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of SPS Commerce by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,680 shares of the software maker’s stock worth $5,645,000 after purchasing an additional 200 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Up 1.4 %

SPSC opened at $130.13 on Monday. The business’s fifty day simple moving average is $157.25 and its 200 day simple moving average is $177.17. SPS Commerce, Inc. has a 52 week low of $122.58 and a 52 week high of $218.61. The firm has a market cap of $4.92 billion, a P/E ratio of 63.79 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last released its quarterly 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 return on equity of 12.27% and a net margin of 12.08%. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,864 shares of company stock valued at $6,613,078. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

SPS Commerce Company 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.