SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by High Note Wealth LLC

High Note Wealth LLC decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,027 shares of the software maker’s stock after selling 98 shares during the period. High Note Wealth LLC’s holdings in SPS Commerce were worth $393,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPSC. International Assets Investment Management LLC purchased a new position in SPS Commerce in the third quarter valued at about $25,000. Huntington National Bank increased its stake in shares of SPS Commerce by 66.1% during the 2nd quarter. Huntington National Bank now owns 201 shares of the software maker’s stock worth $39,000 after purchasing an additional 80 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of SPS Commerce during the 3rd quarter worth approximately $35,000. CVA Family Office LLC purchased a new position in shares of SPS Commerce during the 4th quarter worth approximately $44,000. Finally, RiverPark Advisors LLC purchased a new position in shares of SPS Commerce during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kimberly K. Nelson sold 5,965 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the completion of the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,965 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James J. Frome sold 12,887 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the completion of the sale, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The disclosure for this sale can be found here. Insiders sold 66,688 shares of company stock valued at $12,122,275 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price on the stock. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $199.67.

SPS Commerce Price Performance

NASDAQ SPSC opened at $183.89 on Thursday. The company’s 50 day simple moving average is $185.84 and its 200 day simple moving average is $179.00. SPS Commerce, Inc. has a 12 month low of $140.00 and a 12 month high of $218.74. The company has a market capitalization of $6.80 billion, a P/E ratio of 104.48 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. On average, analysts anticipate that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

About SPS Commerce

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.