SPS Commerce, Inc. (NASDAQ:SPSC) Director James Burr Ramsey Sells 6,567 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

SPS Commerce Stock Up 0.3 %

SPSC stock traded up $0.50 during mid-day trading on Friday, reaching $193.86. 173,808 shares of the company traded hands, compared to its average volume of 176,721. The firm’s 50 day moving average price is $181.09 and its 200 day moving average price is $182.61. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 105.93 and a beta of 0.81. SPS Commerce, Inc. has a fifty-two week low of $151.63 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 25th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.20. The company had revenue of $149.58 million for the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. On average, analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPSC. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, May 10th. Citigroup increased their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Redburn Atlantic assumed coverage on SPS Commerce in a report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.25.

Institutional Trading of SPS Commerce

Several institutional investors have recently made changes to their positions in SPSC. EverSource Wealth Advisors LLC increased its position in shares of SPS Commerce by 10.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after acquiring an additional 56 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of SPS Commerce by 1.7% in the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock worth $734,000 after purchasing an additional 64 shares in the last quarter. Wealth Alliance increased its position in shares of SPS Commerce by 4.4% during the 4th quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock valued at $324,000 after purchasing an additional 71 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in SPS Commerce by 8.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker’s stock worth $179,000 after buying an additional 79 shares during the last quarter. Finally, Stifel Financial Corp raised its position in SPS Commerce by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock worth $5,051,000 after purchasing an additional 80 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company 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.