SPS Commerce, Inc. (NASDAQ:SPSC) Director Sells $402,700.00 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The sale was disclosed in a filing with the SEC, which is available at this link.

SPS Commerce Price Performance

Shares of SPSC opened at $197.95 on Friday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 108.52 and a beta of 0.85. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74. The company has a 50-day moving average of $194.22 and a 200 day moving average of $187.60.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPSC has been the topic of a number of recent research reports. Citigroup upped their price objective on SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus boosted their target price on SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday, August 2nd. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, DA Davidson raised their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Five 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 an average rating of “Moderate Buy” and a consensus target price of $220.25.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds have recently made changes to their positions in SPSC. Mather Group LLC. raised its holdings 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 valued at $27,000 after acquiring an additional 128 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of SPS Commerce in the 2nd quarter valued at about $30,000. UMB Bank n.a. lifted its position in shares of SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after purchasing an additional 164 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of SPS Commerce during the first quarter valued at approximately $60,000. Finally, DT Investment Partners LLC purchased a new position in SPS Commerce during the second quarter valued at approximately $63,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

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.