SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,367 shares of the software maker’s stock after selling 704 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPS Commerce were worth $987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPSC. Advisors Asset Management Inc. raised its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after acquiring an additional 100 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Blue Trust Inc. increased its stake in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after purchasing an additional 84 shares during the period. R Squared Ltd acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Buying and Selling

In related 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 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 approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the transaction, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at $26,620,592.18. This represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,695 shares of company stock worth $7,781,086. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $129.43 on Monday. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 63.45 and a beta of 0.92. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The company has a 50 day moving average price of $162.61 and a 200 day moving average price of $179.53.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SPSC. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC dropped their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Northland Securities restated a “market perform” rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.11.

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.