By otakuyassine3@gmail.com 
SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the transaction, the executive vice president now owns 23,833 shares in the company, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
SPS Commerce Stock Performance
Shares of SPS Commerce stock traded down $2.30 on Friday, hitting $188.00. The stock had a trading volume of 209,234 shares, compared to its average volume of 185,364. The stock has a 50 day moving average of $187.18 and a 200 day moving average of $191.33. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The firm has a market capitalization of $7.06 billion, a P/E ratio of 89.95 and a beta of 0.86.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. Equities analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.
Hedge Funds Weigh In On SPS Commerce
A number of institutional investors and hedge funds have recently modified their holdings of SPSC. Franklin Resources Inc. increased its stake in 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 purchasing an additional 210,284 shares in the last quarter. FMR LLC increased its position in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after buying an additional 104,769 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in SPS Commerce by 2,099.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock worth $18,211,000 after buying an additional 92,381 shares during the period. Loomis Sayles & Co. L P acquired a new position in SPS Commerce during the 3rd quarter worth approximately $17,128,000. Finally, F M Investments LLC bought a new position in SPS Commerce in the second quarter worth approximately $13,869,000. 98.96% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on SPSC shares. Stifel Nicolaus lifted their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. 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 target for the company. Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $220.78.
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.
Recommended Stories
Receive News & Ratings for SPS Commerce Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SPS Commerce and related companies with MarketBeat.com’s FREE daily email newsletter.