Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells 4,034 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the sale, the chief financial officer now directly owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SPS Commerce Stock Performance

SPSC stock opened at $141.22 on Friday. The company’s 50 day moving average price is $179.85 and its 200 day moving average price is $186.50. SPS Commerce, Inc. has a fifty-two week low of $139.59 and a fifty-two week high of $218.61. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 69.23 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPSC shares. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Robert W. Baird lowered their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Needham & Company LLC lowered their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $207.11.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds have recently added to or reduced their stakes in SPSC. FMR LLC increased its stake in SPS Commerce by 109.7% in the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock valued at $261,235,000 after purchasing an additional 742,686 shares during the last quarter. Norges Bank purchased a new position in SPS Commerce in the fourth quarter valued at approximately $81,543,000. JPMorgan Chase & Co. increased its stake in SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock valued at $93,286,000 after purchasing an additional 252,575 shares during the last quarter. 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 during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock valued at $140,882,000 after purchasing an additional 191,740 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

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.