SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 5,831 Shares

by · The Markets Daily

SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SPS Commerce Trading Down 1.0 %

NASDAQ SPSC opened at $188.32 on Friday. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74. The stock’s fifty day moving average price is $186.97 and its 200-day moving average price is $191.35. The stock has a market cap of $7.07 billion, a P/E ratio of 90.11 and a beta of 0.86.

SPS Commerce (NASDAQ:SPSC – Get Free Report) 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 company had revenue of $163.69 million for 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%. SPS Commerce’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. As a group, analysts forecast that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of SPS Commerce by 140.8% in the third 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 last quarter. Advisors Asset Management Inc. increased its holdings in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC raised its position in 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 buying an additional 69 shares during the last quarter. Avior Wealth Management LLC lifted its stake in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after acquiring an additional 326 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after acquiring an additional 172 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPSC has been the subject of several research analyst reports. Robert W. Baird raised their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus lifted their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Piper Sandler began coverage on SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price for the company. 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. Six equities 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 company has an average rating of “Moderate Buy” and an average target price of $220.78.

View Our Latest Stock Report on SPSC

SPS Commerce Company Profile

(Get Free Report)

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.

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