SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,338 shares of the software maker’s stock after selling 162 shares during the period. Maryland State Retirement & Pension System’s holdings in SPS Commerce were worth $2,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPSC. Vanguard Group Inc. grew its stake in SPS Commerce by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after purchasing an additional 33,874 shares in the last quarter. Raymond James & Associates grew its holdings in shares of SPS Commerce by 5.3% during the fourth quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock worth $21,153,000 after purchasing an additional 5,456 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of SPS Commerce by 23.1% in the fourth quarter. Fisher Asset Management LLC now owns 82,537 shares of the software maker’s stock worth $15,999,000 after acquiring an additional 15,514 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in SPS Commerce by 102.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock valued at $5,776,000 after buying an additional 15,110 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in SPS Commerce by 1.0% during the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after purchasing an additional 4,764 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 0.3 %

NASDAQ SPSC traded down $0.64 during mid-day trading on Wednesday, hitting $192.04. The company’s stock had a trading volume of 18,130 shares, compared to its average volume of 179,533. The company’s 50 day simple moving average is $178.60 and its 200 day simple moving average is $179.95. SPS Commerce, Inc. has a twelve month low of $151.63 and a twelve month high of $218.74. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 105.29 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The company had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, April 26th. Citigroup assumed coverage on SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target for the company. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Finally, Robert W. Baird upped their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.57.

Insider Activity at SPS Commerce

In related news, COO James J. Frome sold 2,901 shares of SPS Commerce stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the sale, the chief operating officer now owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kimberly K. Nelson sold 5,197 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $187.44, for a total value of $974,125.68. Following the sale, the chief financial officer now owns 153,518 shares in the company, valued at $28,775,413.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO James J. Frome sold 2,901 shares of SPS Commerce stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total value of $531,811.32. Following the sale, the chief operating officer now directly owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is owned by company insiders.

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.