SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 38.4% in the 3rd quarter, Holdings Channel reports. The firm owned 2,803 shares of the software maker’s stock after purchasing an additional 777 shares during the period. Moran Wealth Management LLC’s holdings in SPS Commerce were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPSC. Shaker Investments LLC OH increased its holdings in SPS Commerce by 1.7% in the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after buying an additional 50 shares during the last quarter. Pathstone Holdings LLC increased its holdings in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after buying an additional 54 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after purchasing an additional 55 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock valued at $449,000 after purchasing an additional 62 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of SPS Commerce by 1.8% during the second quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock valued at $707,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Trading Up 1.5 %

NASDAQ SPSC opened at $189.13 on Friday. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 90.49 and a beta of 0.84. The company’s 50 day moving average is $186.72 and its two-hundred day moving average is $191.24. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74.

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

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of recent analyst reports. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Craig Hallum boosted their target price on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Finally, DA Davidson lifted their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and an average target price 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.