Kimberly K. Nelson Sells 3,600 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) CFO Kimberly K. Nelson sold 3,600 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $163.11, for a total transaction of $587,196.00. Following the transaction, the chief financial officer now directly owns 148,734 shares of the company’s stock, valued at approximately $24,260,002.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SPS Commerce Stock Up 1.0 %

NASDAQ SPSC opened at $159.59 on Friday. SPS Commerce, Inc. has a twelve month low of $97.75 and a twelve month high of $163.67. The stock has a market cap of $5.83 billion, a P/E ratio of 102.30 and a beta of 0.78. The company’s 50-day simple moving average is $151.28 and its 200 day simple moving average is $141.65.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in SPSC. BlackRock Inc. lifted its position in shares of SPS Commerce by 0.9% during the 3rd quarter. BlackRock Inc. now owns 5,775,824 shares of the software maker’s stock worth $717,530,000 after buying an additional 49,143 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SPS Commerce by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,032,211 shares of the software maker’s stock valued at $500,922,000 after acquiring an additional 56,939 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of SPS Commerce by 0.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,585,718 shares of the software maker’s stock valued at $241,505,000 after purchasing an additional 6,568 shares in the last quarter. State Street Corp grew its holdings in shares of SPS Commerce by 3.3% in the 1st quarter. State Street Corp now owns 1,247,369 shares of the software maker’s stock worth $189,974,000 after purchasing an additional 39,586 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of SPS Commerce by 5.4% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,006,653 shares of the software maker’s stock worth $125,056,000 after purchasing an additional 51,388 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPSC has been the topic of a number of research analyst reports. Northland Securities raised their target price on SPS Commerce from $151.00 to $154.00 in a report on Thursday, April 27th. JMP Securities upped their target price on shares of SPS Commerce from $150.00 to $165.00 and gave the company a “market outperform” rating in a research note on Friday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of SPS Commerce in a research report on Friday, March 3rd. Craig Hallum increased their target price on shares of SPS Commerce from $160.00 to $165.00 in a research note on Thursday, April 27th. Finally, StockNews.com assumed coverage on SPS Commerce in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.50.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.