Hilltop National Bank Has $121,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Hilltop National Bank cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 657 shares of the software maker’s stock after selling 57 shares during the period. Hilltop National Bank’s holdings in SPS Commerce were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. lifted its position in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Signaturefd LLC lifted its position in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares during the period. Avior Wealth Management LLC lifted its position in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after purchasing an additional 326 shares during the period. Finally, Huntington National Bank lifted its position in SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after purchasing an additional 172 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the firm’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 transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This represents 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.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $179.13 on Friday. The company has a market capitalization of $6.73 billion, a P/E ratio of 85.71 and a beta of 0.88. The company’s 50 day moving average price is $187.12 and its two-hundred day moving average price is $191.40. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Analysts forecast that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPSC. Robert W. Baird increased their price target on shares of 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 issued a $230.00 price target on shares of SPS Commerce in a research report on Friday, January 3rd. Stifel Nicolaus cut their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

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.