Moody National Bank Trust Division Sells 500 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody National Bank Trust Division lowered its position in SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,792 shares of the software maker’s stock after selling 500 shares during the period. Moody National Bank Trust Division’s holdings in SPS Commerce were worth $2,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in SPS Commerce by 0.9% in the third quarter. BlackRock Inc. now owns 5,775,824 shares of the software maker’s stock worth $717,530,000 after acquiring an additional 49,143 shares in the last quarter. Vanguard Group Inc. boosted its holdings in SPS Commerce by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,032,211 shares of the software maker’s stock worth $500,922,000 after acquiring an additional 56,939 shares in the last quarter. State Street Corp boosted its holdings in SPS Commerce by 0.8% in the third quarter. State Street Corp now owns 1,227,100 shares of the software maker’s stock worth $152,443,000 after acquiring an additional 10,068 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in shares of SPS Commerce by 9.4% in the third quarter. Riverbridge Partners LLC now owns 1,013,628 shares of the software maker’s stock valued at $125,923,000 after purchasing an additional 87,184 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its holdings in shares of SPS Commerce by 5.4% in the third quarter. Congress Asset Management Co. MA now owns 1,006,653 shares of the software maker’s stock valued at $125,056,000 after purchasing an additional 51,388 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

SPS Commerce Stock Down 2.4 %

SPS Commerce stock traded down $3.51 during mid-day trading on Friday, reaching $145.25. 488,833 shares of the company’s stock were exchanged, compared to its average volume of 148,549. The business’s fifty day simple moving average is $142.15 and its 200 day simple moving average is $132.25. The firm has a market capitalization of $5.27 billion, a PE ratio of 97.48 and a beta of 0.77. SPS Commerce, Inc. has a one year low of $96.41 and a one year high of $157.46.

Insider Buying and Selling

In related news, CEO Archie C. Black sold 5,906 shares of SPS Commerce stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $136.60, for a total transaction of $806,759.60. Following the sale, the chief executive officer now directly owns 131,218 shares in the company, valued at $17,924,378.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SPS Commerce news, CFO Kimberly K. Nelson sold 1,140 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $152.23, for a total value of $173,542.20. Following the completion of the sale, the chief financial officer now directly owns 152,893 shares of the company’s stock, valued at $23,274,901.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Archie C. Black sold 5,906 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $136.60, for a total value of $806,759.60. Following the completion of the sale, the chief executive officer now directly owns 131,218 shares of the company’s stock, valued at $17,924,378.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,896 shares of company stock worth $19,541,495. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SPSC. JMP Securities raised their target price on SPS Commerce from $150.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, February 10th. Robert W. Baird lowered SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 target price on the stock. in a report on Wednesday, December 14th. StockNews.com began coverage on SPS Commerce in a report on Thursday. They issued a “buy” rating on the stock. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a report on Friday, March 3rd. Finally, Northland Securities raised their target price on SPS Commerce from $148.00 to $151.00 and gave the company a “market perform” rating in a report on Friday, February 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.17.

About SPS Commerce

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.