Mutual of America Capital Management LLC Sells 507 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Mutual of America Capital Management LLC trimmed its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 8.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,580 shares of the software maker’s stock after selling 507 shares during the period. Mutual of America Capital Management LLC’s holdings in SPS Commerce were worth $1,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in shares of SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in SPS Commerce during the 2nd quarter worth $30,000. Blue Trust Inc. boosted its holdings in SPS Commerce by 140.8% during 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. DT Investment Partners LLC acquired a new stake in shares of SPS Commerce in the second quarter valued at about $63,000. Finally, Signaturefd LLC increased its stake in shares of 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 period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPSC has been the subject of several recent analyst reports. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Robert W. Baird raised their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and upped their target price for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Piper Sandler assumed coverage on shares of SPS Commerce in a research report on Monday. They issued a “neutral” rating and a $198.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.78.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Up 2.3 %

NASDAQ SPSC opened at $193.39 on Tuesday. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The stock has a market cap of $7.27 billion, a P/E ratio of 92.62 and a beta of 0.84. The company’s 50-day simple moving average is $186.64 and its 200 day simple moving average is $191.26.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating 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 company had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Research analysts anticipate that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

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.