Captrust Financial Advisors Sells 2,789 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Captrust Financial Advisors cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,121 shares of the software maker's stock after selling 2,789 shares during the quarter. Captrust Financial Advisors' holdings in SPS Commerce were worth $2,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Hurley Capital LLC acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $41,000. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

SPSC has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Friday, April 25th. Northland Securities reissued a "market perform" rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, DA Davidson decreased their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.38.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $2.31 during mid-day trading on Friday, reaching $150.94. 212,381 shares of the company's stock traded hands, compared to its average volume of 243,502. The stock has a market cap of $5.73 billion, a P/E ratio of 73.99 and a beta of 0.81. The business has a 50-day simple moving average of $135.16 and a 200 day simple moving average of $161.76. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. The business had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the sale, the chief financial officer now directly owns 2,442,968 shares in the company, valued at $361,974,568.56. This trade represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,465 shares of company stock valued at $1,401,898. Corporate insiders own 0.98% of the company's stock.

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.