SPS Commerce (NASDAQ:SPSC) Reaches New 52-Week Low – Time to Sell?

SPS Commerce, Inc. (NASDAQ:SPSC) shares reached a new 52-week low on Monday . The company traded as low as $138.05 and last traded at $137.41, with a volume of 38677 shares trading hands. The stock had previously closed at $141.22.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPSC. Piper Sandler dropped their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their target price on 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 reissued a “market perform” rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Price Performance

The business’s fifty day simple moving average is $179.85 and its 200 day simple moving average is $186.44. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 68.04 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted 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%. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of 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 buying an additional 742,686 shares during the period. Norges Bank acquired a new position in SPS Commerce during the 4th quarter worth $81,543,000. JPMorgan Chase & Co. boosted its position in SPS Commerce by 99.3% during the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after acquiring an additional 252,575 shares during the period. Franklin Resources Inc. grew its stake in shares of SPS Commerce by 94.5% in 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of SPS Commerce by 33.4% during 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 period. Institutional investors own 98.96% of the company’s stock.

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.