Petrus Trust Company LTA Sells 310 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Petrus Trust Company LTA lowered its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,096 shares of the software maker’s stock after selling 310 shares during the quarter. Petrus Trust Company LTA’s holdings in SPS Commerce were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Shaker Investments LLC OH grew its holdings in shares of SPS Commerce by 1.7% in the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock worth $564,000 after acquiring an additional 50 shares during the period. Pathstone Holdings LLC grew its holdings in shares of SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after acquiring an additional 54 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of SPS Commerce by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after acquiring an additional 55 shares during the period. First Trust Direct Indexing L.P. grew its holdings in shares of SPS Commerce by 2.8% in the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after acquiring an additional 62 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of SPS Commerce by 1.8% in the second quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock worth $707,000 after acquiring an additional 67 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 1.8 %

Shares of SPS Commerce stock opened at $195.08 on Thursday. The stock’s 50-day simple moving average is $186.54 and its 200-day simple moving average is $191.17. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 93.34 and a beta of 0.86.

SPS Commerce (NASDAQ:SPSC) 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. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird lifted their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Finally, Piper Sandler assumed coverage on SPS Commerce in a report on Monday, November 25th. They set a “neutral” rating and a $198.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.78.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.