SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,140 shares of the software maker’s stock after selling 329 shares during the period. Stifel Financial Corp’s holdings in SPS Commerce were worth $5,546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter worth approximately $40,000. Hurley Capital LLC acquired a new stake in SPS Commerce during the 4th quarter worth $41,000. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the fourth quarter worth about $57,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of research reports. Stifel Nicolaus decreased their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler lowered their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. DA Davidson lowered their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Northland Securities reissued a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.11.

Insider Transactions at SPS Commerce

In related news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock worth $6,613,078 over the last ninety days. Company insiders own 0.98% of the company’s stock.

SPS Commerce Trading Up 1.8 %

Shares of NASDAQ:SPSC opened at $142.00 on Wednesday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 69.61 and a beta of 0.89. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The business has a 50-day moving average price of $131.74 and a 200 day moving average price of $165.41.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The firm had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same period in the prior year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

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.