Chadwick Collins Sells 2,840 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SPS Commerce Stock Down 1.6 %

NASDAQ SPSC opened at $141.22 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88. The company has a 50 day moving average price of $179.85 and a two-hundred day moving average price of $186.50. SPS Commerce, Inc. has a 12-month low of $139.59 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Institutional Trading of SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of SPS Commerce by 109.7% in 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 last quarter. Norges Bank acquired a new stake in shares of SPS Commerce in the fourth quarter worth $81,543,000. JPMorgan Chase & Co. lifted its stake in shares of SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after buying an additional 252,575 shares during the last quarter. Franklin Resources Inc. lifted 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 buying an additional 210,284 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock worth $140,882,000 after buying an additional 191,740 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPSC has been the topic of several recent research reports. Stifel Nicolaus cut their price objective 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. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC cut their price objective 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. Finally, 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. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.11.

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.