Atria Investments Inc Sells 2,215 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Atria Investments Inc lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,021 shares of the software maker’s stock after selling 2,215 shares during the quarter. Atria Investments Inc’s holdings in SPS Commerce were worth $1,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPSC. Mather Group LLC. lifted its position in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of SPS Commerce in the 2nd quarter worth approximately $30,000. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the period. DT Investment Partners LLC bought a new stake in shares of SPS Commerce in the 2nd quarter worth approximately $63,000. Finally, Signaturefd LLC raised its holdings in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the period. Institutional investors own 98.96% of the company’s stock.

Insider Activity

In related news, 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 value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPSC shares. Stifel Nicolaus lifted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. DA Davidson boosted their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $205.00 to $209.00 in a report on Monday, July 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $223.63.

SPS Commerce Stock Down 1.8 %

SPS Commerce stock opened at $176.59 on Friday. The company has a market capitalization of $6.63 billion, a PE ratio of 84.49 and a beta of 0.84. The firm has a fifty day simple moving average of $187.26 and a two-hundred day simple moving average of $191.22. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued 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 firm had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.39 earnings per share for the current fiscal year.

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.