SPS Commerce (NASDAQ:SPSC) Director Sells $393,996.96 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Marty Reaume sold 4,536 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $86.86, for a total value of $393,996.96. Following the transaction, the director owned 12,894 shares of the company’s stock, valued at $1,119,972.84. This trade represents a 26.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SPS Commerce Price Performance

Shares of SPS Commerce stock traded down $2.67 during midday trading on Thursday, reaching $82.57. The company had a trading volume of 396,235 shares, compared to its average volume of 648,459. The stock has a fifty day moving average price of $83.63 and a 200 day moving average price of $68.31. The firm has a market cap of $2.93 billion, a PE ratio of 36.70 and a beta of 0.66. SPS Commerce, Inc. has a fifty-two week low of $49.04 and a fifty-two week high of $96.54.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. SPS Commerce had a net margin of 10.65% and a return on equity of 13.72%. The business had revenue of $197.65 million during the quarter, compared to the consensus estimate of $197.51 million. During the same quarter in the prior year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 3.67 EPS for the current year.

Analyst Ratings Changes

SPSC has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. Morgan Stanley restated an “underweight” rating and issued a $74.00 target price on shares of SPS Commerce in a report on Monday, October 26th. Stifel Nicolaus upped their price target on shares of SPS Commerce from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.33.

Institutional Investors Weigh In On SPS Commerce

A number of hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its stake in SPS Commerce by 72.5% in the third quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker’s stock valued at $27,000 after buying an additional 140 shares during the period. Versant Capital Management Inc boosted its holdings in shares of SPS Commerce by 11.8% during the 3rd quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock worth $142,000 after buying an additional 182 shares in the last quarter. Parallel Advisors LLC grew its position in shares of SPS Commerce by 100.0% during the 3rd quarter. Parallel Advisors LLC now owns 566 shares of the software maker’s stock worth $47,000 after buying an additional 283 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of SPS Commerce by 5.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,418 shares of the software maker’s stock worth $456,000 after buying an additional 301 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of SPS Commerce by 22.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,842 shares of the software maker’s stock worth $152,000 after buying an additional 342 shares during the period. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.