Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells 4,034 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 4,034 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the transaction, the chief financial officer now directly owns 2,442,968 shares in the company, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

SPS Commerce Stock Down 2.1 %

Shares of SPSC stock traded down $3.14 during trading hours on Thursday, hitting $143.54. 366,034 shares of the company’s stock traded hands, compared to its average volume of 290,377. The stock’s fifty day simple moving average is $180.87 and its two-hundred day simple moving average is $186.85. SPS Commerce, Inc. has a 12-month low of $142.81 and a 12-month high of $218.61. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 70.36 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (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%. On average, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently made changes to their positions in SPSC. FMR LLC increased 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 valued at $261,235,000 after acquiring an additional 742,686 shares in the last quarter. Norges Bank bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $81,543,000. JPMorgan Chase & Co. increased its position in shares of SPS Commerce by 99.3% during the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock valued at $93,286,000 after acquiring an additional 252,575 shares in the last quarter. Franklin Resources Inc. increased its position in shares of SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after acquiring an additional 210,284 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position 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 acquiring an additional 191,740 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

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.