Moody Aldrich Partners LLC Sells 22,154 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody Aldrich Partners LLC decreased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,923 shares of the software maker's stock after selling 22,154 shares during the period. SPS Commerce accounts for approximately 1.3% of Moody Aldrich Partners LLC's holdings, making the stock its 18th biggest holding. Moody Aldrich Partners LLC owned about 0.10% of SPS Commerce worth $7,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of SPS Commerce during the third quarter worth about $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce in the fourth quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in shares of SPS Commerce in the third quarter worth approximately $35,000. RiverPark Advisors LLC acquired a new position in shares of SPS Commerce in the third quarter worth approximately $42,000. Finally, CVA Family Office LLC acquired a new position in shares of SPS Commerce in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $205.00 price objective on shares of SPS Commerce in a research note on Friday, February 9th. Citigroup assumed coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a "buy" rating and a $216.00 price objective on the stock. Finally, StockNews.com lowered SPS Commerce from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $199.67.

SPS Commerce Stock Up 1.4 %

SPSC traded up $2.46 during trading on Tuesday, reaching $179.57. 136,931 shares of the company were exchanged, compared to its average volume of 167,898. The company's 50-day moving average is $184.43 and its two-hundred day moving average is $179.32. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 102.03 and a beta of 0.79. SPS Commerce, Inc. has a 12-month low of $140.00 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. Equities analysts forecast that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 12,907 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the sale, the chief financial officer now owns 157,251 shares in the company, valued at $28,212,401.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO James J. Frome sold 2,901 shares of the company's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the transaction, the chief operating officer now owns 54,029 shares of the company's stock, valued at $9,904,596.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total value of $2,315,644.87. Following the completion of the transaction, the chief financial officer now directly owns 157,251 shares of the company's stock, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,688 shares of company stock worth $12,122,275. 1.20% of the stock is owned by insiders.

SPS Commerce 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.