Crossmark Global Holdings Inc. Sells 154 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Crossmark Global Holdings Inc. trimmed its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,940 shares of the software maker’s stock after selling 154 shares during the period. Crossmark Global Holdings Inc.’s holdings in SPS Commerce were worth $741,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPSC. International Assets Investment Management LLC raised its stake in shares of SPS Commerce by 13,300.0% in the 4th quarter. International Assets Investment Management LLC now owns 19,966 shares of the software maker’s stock valued at $3,870,000 after acquiring an additional 19,817 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of SPS Commerce by 20.7% in the 4th quarter. Russell Investments Group Ltd. now owns 63,292 shares of the software maker’s stock valued at $12,269,000 after acquiring an additional 10,858 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of SPS Commerce by 36.7% in the 4th quarter. Van ECK Associates Corp now owns 9,690 shares of the software maker’s stock valued at $1,878,000 after acquiring an additional 2,600 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in SPS Commerce by 4.8% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,834 shares of the software maker’s stock worth $356,000 after buying an additional 84 shares during the period. Finally, Fisher Asset Management LLC increased its position in SPS Commerce by 23.1% in the 4th quarter. Fisher Asset Management LLC now owns 82,537 shares of the software maker’s stock worth $15,999,000 after buying an additional 15,514 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Up 0.7 %

SPSC opened at $199.74 on Friday. The stock has a market cap of $7.41 billion, a PE ratio of 109.15 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 stock’s 50 day simple moving average is $197.26 and its 200-day simple moving average is $188.36.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.41% and a net margin of 12.31%. SPS Commerce’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. Equities analysts forecast 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 several recent analyst reports. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus lifted their price target on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup lifted their price target on SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Robert W. Baird lifted their price target on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Redburn Atlantic initiated coverage on SPS Commerce in a research report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

Insider Activity at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the sale, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the transaction, the director now directly owns 18,852 shares in the company, valued at approximately $3,771,531.12. The disclosure for this sale can be found here. Insiders have sold a total of 7,675 shares of company stock valued at $1,551,735 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Company 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.