Insider Selling: SPS Commerce (NASDAQ:SPSC) Director Sells $393,996.96 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Marty Reaume sold 4,536 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $86.86, for a total value of $393,996.96. Following the completion of the sale, the director directly owned 12,894 shares of the company’s stock, valued at $1,119,972.84. The trade was a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

SPS Commerce Stock Down 0.8%

Shares of NASDAQ SPSC opened at $81.91 on Friday. The business has a 50-day moving average price of $83.63 and a 200 day moving average price of $68.24. The stock has a market cap of $2.90 billion, a PE ratio of 36.40 and a beta of 0.66. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $96.54.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 29th. The software maker reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. SPS Commerce had a return on equity of 13.72% and a net margin of 10.65%. The company had revenue of $197.65 million for the quarter, compared to analyst estimates of $197.51 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that SPS Commerce, Inc. will post 3.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of SPS Commerce during the second quarter worth about $339,259,000. Jupiter Topco LLC acquired a new stake in SPS Commerce in the second quarter valued at about $56,260,000. Walleye Capital LLC lifted its position in SPS Commerce by 1,749.1% in the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock valued at $25,477,000 after purchasing an additional 432,886 shares during the period. Lightrock Netherlands B.V. lifted its position in SPS Commerce by 432.8% in the first quarter. Lightrock Netherlands B.V. now owns 441,669 shares of the software maker’s stock valued at $24,588,000 after purchasing an additional 358,771 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in SPS Commerce by 13,031.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 354,538 shares of the software maker’s stock valued at $19,737,000 after purchasing an additional 351,838 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. Citigroup reissued a “buy” rating and set a $99.00 price objective (up from $82.00) on shares of SPS Commerce in a research report on Tuesday, October 20th. Stifel Nicolaus lifted their price objective on shares of SPS Commerce from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Finally, Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.33.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.