MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 2,918 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 95,640 shares of the software maker's stock after selling 2,918 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.25% of SPS Commerce worth $17,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPSC. Barclays PLC lifted its position in shares of SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SPS Commerce by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after acquiring an additional 110 shares during the last quarter. Van ECK Associates Corp grew its position in shares of SPS Commerce by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker's stock worth $5,505,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of SPS Commerce by 75.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the software maker's stock worth $1,288,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SPSC shares. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Northland Securities reiterated a "market perform" rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. DA Davidson reduced their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird upped their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $195.38.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the company'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 completion of the transaction, the executive vice president now owns 1,367,584 shares of the company's stock, valued at $202,429,783.68. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the transaction, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. The trade was a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,465 shares of company stock valued at $1,401,898. 0.98% of the stock is owned by corporate insiders.

SPS Commerce Trading Down 0.3%

Shares of SPSC stock traded down $0.51 on Tuesday, reaching $148.77. The company had a trading volume of 99,045 shares, compared to its average volume of 330,371. The stock has a market cap of $5.65 billion, a PE ratio of 72.74 and a beta of 0.81. The company has a 50-day moving average of $135.62 and a 200-day moving average of $161.64. SPS Commerce, Inc. has a 12 month low of $120.08 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same period in the prior 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. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

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.