Illinois Municipal Retirement Fund Sells 1,175 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Illinois Municipal Retirement Fund lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,065 shares of the software maker’s stock after selling 1,175 shares during the period. Illinois Municipal Retirement Fund’s holdings in SPS Commerce were worth $4,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPSC. Blue Trust Inc. raised its stake in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Advisors Asset Management Inc. grew its holdings in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in SPS Commerce in the 4th quarter worth about $57,000. Arcadia Investment Management Corp MI bought a new stake in SPS Commerce in the fourth quarter worth about $57,000. Finally, Signaturefd LLC lifted its stake in SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Down 1.8 %

Shares of NASDAQ:SPSC opened at $135.94 on Thursday. The company has a market capitalization of $5.13 billion, a PE ratio of 66.64 and a beta of 0.88. SPS Commerce, Inc. has a 12-month low of $135.65 and a 12-month high of $218.61. The business’s fifty day simple moving average is $176.31 and its 200-day simple moving average is $185.23.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. Research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPSC. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Needham & Company LLC decreased their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $207.11.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock valued at $7,781,086 in the last 90 days. Insiders own 1.00% 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.