Archie C. Black Sells 2,635 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Archie C. Black sold 2,635 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $109.00, for a total transaction of $287,215.00. Following the completion of the transaction, the chief executive officer now owns 73,344 shares in the company, valued at $7,994,496. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of SPSC stock opened at $102.46 on Wednesday. The company has a market cap of $1.84 billion, a P/E ratio of 83.98, a price-to-earnings-growth ratio of 4.48 and a beta of 0.73. SPS Commerce, Inc. has a one year low of $72.13 and a one year high of $115.00. The company’s fifty day moving average price is $104.40. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.05.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.30. The firm had revenue of $66.93 million for the quarter, compared to the consensus estimate of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. As a group, equities analysts expect that SPS Commerce, Inc. will post 1.6 earnings per share for the current year.

Several research analysts have weighed in on SPSC shares. BidaskClub upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $124.00 price target on the stock in a research report on Wednesday, May 1st. ValuEngine downgraded shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective (up from $110.00) on shares of SPS Commerce in a research report on Friday, April 26th. Finally, JMP Securities raised their price objective on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a research report on Friday, April 26th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in SPS Commerce by 0.3% in the 4th quarter. BlackRock Inc. now owns 2,764,683 shares of the software maker’s stock valued at $227,754,000 after acquiring an additional 7,844 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in SPS Commerce by 1.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 542,415 shares of the software maker’s stock valued at $57,529,000 after acquiring an additional 5,833 shares during the last quarter. Portsea Asset Management LLP increased its holdings in SPS Commerce by 32.5% in the 1st quarter. Portsea Asset Management LLP now owns 410,481 shares of the software maker’s stock valued at $43,536,000 after acquiring an additional 100,785 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its holdings in SPS Commerce by 2.5% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 406,970 shares of the software maker’s stock valued at $43,163,000 after acquiring an additional 9,809 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in SPS Commerce by 0.6% in the 4th quarter. Northern Trust Corp now owns 276,235 shares of the software maker’s stock valued at $22,757,000 after acquiring an additional 1,639 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Insider Buying and Selling by Quarter for SPS Commerce (NASDAQ:SPSC)

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