Chadwick Collins Sells 6,839 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SPS Commerce Price Performance

NASDAQ SPSC traded up $1.65 during midday trading on Thursday, hitting $185.27. 260,552 shares of the company traded hands, compared to its average volume of 184,523. The company has a market cap of $6.96 billion, a PE ratio of 89.74 and a beta of 0.84. The company’s 50-day simple moving average is $188.58 and its 200-day simple moving average is $190.84. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million for the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts predict that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Institutional Trading of SPS Commerce

A number of institutional investors have recently made changes to their positions in SPSC. BNP Paribas Financial Markets boosted its position in shares of SPS Commerce by 15.9% in the 1st quarter. BNP Paribas Financial Markets now owns 38,749 shares of the software maker’s stock worth $7,165,000 after purchasing an additional 5,306 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SPS Commerce by 18.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,388 shares of the software maker’s stock worth $442,000 after purchasing an additional 377 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of SPS Commerce in the 1st quarter worth $107,000. Texas Permanent School Fund Corp boosted its position in shares of SPS Commerce by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,118 shares of the software maker’s stock worth $5,939,000 after purchasing an additional 416 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of SPS Commerce by 8.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,838 shares of the software maker’s stock worth $1,449,000 after purchasing an additional 581 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

SPSC has been the topic of several recent analyst reports. Craig Hallum increased their price target on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $223.63.

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.