SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 47.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,368 shares of the software maker’s stock after selling 3,932 shares during the quarter. SG Americas Securities LLC’s holdings in SPS Commerce were worth $848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPSC. Vanguard Group Inc. lifted its holdings in SPS Commerce by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock valued at $803,798,000 after purchasing an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of SPS Commerce by 2.4% in the second quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock worth $230,950,000 after buying an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in shares of SPS Commerce by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after buying an additional 12,397 shares in the last quarter. William Blair Investment Management LLC boosted its position in SPS Commerce by 2.9% during the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock worth $110,508,000 after acquiring an additional 17,012 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in SPS Commerce by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock valued at $93,583,000 after acquiring an additional 12,552 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of SPSC opened at $198.81 on Friday. The firm has a 50-day simple moving average of $193.48 and a two-hundred day simple moving average of $189.75. The stock has a market cap of $7.36 billion, a PE ratio of 108.64 and a beta of 0.82. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The company had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on SPSC. Stifel Nicolaus raised their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Craig Hallum lifted their price objective on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Robert W. Baird raised their target price on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $220.25.

Insider Activity at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total value of $491,838.10. Following the sale, the director now directly owns 18,852 shares in the company, valued at $3,879,553.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company 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.