SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 44.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,834 shares of the software maker’s stock after selling 10,286 shares during the period. Oak Ridge Investments LLC’s holdings in SPS Commerce were worth $2,361,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after acquiring an additional 44,946 shares in the last quarter. AXA S.A. lifted its holdings in SPS Commerce by 19.4% in the 2nd quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock valued at $5,530,000 after purchasing an additional 4,784 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of SPS Commerce during the third quarter worth $3,178,000. Synovus Financial Corp acquired a new stake in shares of SPS Commerce in the third quarter valued at about $1,809,000. Finally, Hsbc Holdings PLC lifted its stake in shares of SPS Commerce by 448.2% in the second quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock worth $6,295,000 after buying an additional 27,376 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SPSC. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Robert W. Baird upped their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Wednesday. Finally, Piper Sandler started coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

SPS Commerce Trading Down 0.2 %

Shares of SPSC opened at $191.00 on Friday. The company’s 50-day moving average price is $188.14 and its 200 day moving average price is $191.32. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The firm has a market cap of $7.18 billion, a P/E ratio of 91.39 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm 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 business posted $0.53 EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts forecast that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

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.