Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) Director Sells $1,273,341.30 in Stock

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

SPS Commerce Trading Up 0.3 %

SPSC stock opened at $193.86 on Monday. SPS Commerce, Inc. has a 1-year low of $151.63 and a 1-year high of $218.74. The company’s 50 day moving average is $181.37 and its 200 day moving average is $182.88. 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 (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The business had revenue of $149.58 million for the quarter, compared to analysts’ expectations of $146.50 million. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPSC. McGlone Suttner Wealth Management Inc. bought a new position in SPS Commerce during the fourth quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in SPS Commerce during the third quarter valued at approximately $35,000. RiverPark Advisors LLC bought a new position in shares of SPS Commerce in the third quarter worth approximately $42,000. CVA Family Office LLC bought a new position in shares of SPS Commerce in the fourth quarter worth approximately $44,000. Finally, UMB Bank n.a. grew its holdings in shares of SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after purchasing an additional 164 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a report on Friday, May 10th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Redburn Atlantic initiated coverage on shares of SPS Commerce in a research report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.25.

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.