SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 2,591 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 2,591 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dan Juckniess also recently made the following trade(s):

• On Thursday, January 30th, Dan Juckniess sold 9,819 shares of SPS Commerce stock. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54.
• On Wednesday, December 18th, Dan Juckniess sold 5,831 shares of SPS Commerce stock. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $141.22 on Friday. SPS Commerce, Inc. has a fifty-two week low of $139.59 and a fifty-two week high of $218.61. The stock’s 50-day moving average is $179.85 and its two-hundred day moving average is $186.50. The stock has a market cap of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird dropped 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. Citigroup dropped 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. Northland Securities restated a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Needham & Company LLC cut their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Piper Sandler cut their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Institutional Investors Weigh In On SPS Commerce

Large investors have recently made changes to their positions in the company. FMR LLC boosted its position in SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after purchasing an additional 742,686 shares during the period. Norges Bank bought a new stake in SPS Commerce during the fourth quarter worth approximately $81,543,000. JPMorgan Chase & Co. boosted its position in SPS Commerce by 99.3% during the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after purchasing an additional 252,575 shares during the period. Franklin Resources Inc. boosted its position in SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after purchasing an additional 210,284 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock worth $140,882,000 after purchasing an additional 191,740 shares during the period. Institutional investors own 98.96% of the company’s stock.

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.