Canandaigua National Bank & Trust Co. Sells 105 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Canandaigua National Bank & Trust Co. decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 6.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,436 shares of the software maker’s stock after selling 105 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in SPS Commerce were worth $264,000 at the end of the most recent quarter.

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

SPS Commerce Stock Up 0.3 %

SPSC opened at $183.74 on Wednesday. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The stock has a market cap of $6.90 billion, a PE ratio of 87.91 and a beta of 0.88. The business has a 50 day moving average of $186.46 and a 200-day moving average of $191.51.

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

Analysts Set New Price Targets

Several brokerages recently commented on SPSC. Piper Sandler assumed coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Stifel Nicolaus cut their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

Insider Buying and Selling

In other news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction dated Wednesday, December 18th. The stock was 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 $4,773,988.23. The trade was a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The shares were 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 $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.