SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Captrust Financial Advisors

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

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in SPS Commerce by 109.7% in the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after purchasing an additional 742,686 shares during the period. Norges Bank acquired a new stake in shares of SPS Commerce in the fourth quarter valued at $81,543,000. JPMorgan Chase & Co. raised its holdings in shares of SPS Commerce by 99.3% in the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock valued at $93,286,000 after buying an additional 252,575 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SPS Commerce by 33.4% in the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after buying an additional 191,740 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in SPS Commerce during the 4th quarter worth about $27,441,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SPSC. Robert W. Baird lifted their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson lowered 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. Finally, Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $195.38.

SPS Commerce Stock Performance

SPSC stock traded up $2.31 during midday trading on Friday, reaching $150.94. 212,381 shares of the company were exchanged, compared to its average volume of 242,672. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 73.99 and a beta of 0.81. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The stock's 50-day simple moving average is $134.67 and its 200 day simple moving average is $161.98.

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

Insider Transactions at SPS Commerce

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