Evergreen Capital Management LLC Has $649,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Evergreen Capital Management LLC trimmed its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,525 shares of the software maker’s stock after selling 110 shares during the quarter. Evergreen Capital Management LLC’s holdings in SPS Commerce were worth $649,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in SPS Commerce in the 4th quarter worth approximately $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce during the 4th quarter worth $41,000. Blue Trust Inc. grew its stake in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares during the last quarter. R Squared Ltd bought a new position in SPS Commerce in the 4th quarter worth $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the 4th quarter worth $57,000. 98.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is currently owned by insiders.

SPS Commerce Trading Up 0.3 %

Shares of SPSC opened at $129.06 on Friday. The stock has a 50 day simple moving average of $133.87 and a 200-day simple moving average of $168.78. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The stock has a market cap of $4.91 billion, a PE ratio of 63.27 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC) last issued its 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%. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPSC. Robert W. Baird cut their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Piper Sandler lowered 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 note on Tuesday, February 11th. Stifel Nicolaus cut 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. Northland Securities restated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Citigroup cut their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.89.

SPS Commerce 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.