Insider Selling: SPS Commerce, Inc. (SPSC) CFO Sells 5,080 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 5,080 shares of SPS Commerce stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $95.95, for a total value of $487,426.00. Following the completion of the transaction, the chief financial officer now owns 48,529 shares in the company, valued at approximately $4,656,357.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SPSC stock traded down $0.73 during midday trading on Thursday, reaching $105.55. 445,800 shares of the stock were exchanged, compared to its average volume of 169,665. The firm has a market capitalization of $1.62 billion, a P/E ratio of 251.31, a P/E/G ratio of 3.03 and a beta of 0.76. SPS Commerce, Inc. has a 52 week low of $55.59 and a 52 week high of $113.31.

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SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.20. The business had revenue of $65.20 million for the quarter, compared to analyst estimates of $63.90 million. SPS Commerce had a return on equity of 5.55% and a net margin of 3.16%. SPS Commerce’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 1.3 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on SPSC shares. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target (up previously from $64.00) on shares of SPS Commerce in a research note on Wednesday. Oppenheimer lifted their price target on SPS Commerce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. ValuEngine upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. BidaskClub lowered SPS Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $106.00 price target on the stock in a research note on Thursday, November 1st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. SPS Commerce has a consensus rating of “Buy” and an average price target of $98.36.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in SPS Commerce by 0.3% during the 4th quarter. BlackRock Inc. now owns 2,764,683 shares of the software maker’s stock worth $227,754,000 after acquiring an additional 7,844 shares during the last quarter. FMR LLC lifted its holdings in SPS Commerce by 19.8% during the 2nd quarter. FMR LLC now owns 1,218,502 shares of the software maker’s stock worth $89,536,000 after buying an additional 201,002 shares during the period. Vanguard Group Inc lifted its holdings in SPS Commerce by 6.7% during the 3rd quarter. Vanguard Group Inc now owns 1,104,668 shares of the software maker’s stock worth $109,627,000 after buying an additional 69,574 shares during the period. Vanguard Group Inc. lifted its holdings in SPS Commerce by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,104,668 shares of the software maker’s stock worth $109,627,000 after buying an additional 69,574 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its holdings in SPS Commerce by 5.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 536,582 shares of the software maker’s stock worth $44,204,000 after buying an additional 29,576 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

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SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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