SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,763 shares of the software maker's stock after selling 10,828 shares during the period. SPS Commerce makes up 3.3% of Summit Creek Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Summit Creek Advisors LLC owned approximately 0.34% of SPS Commerce worth $24,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPSC. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in shares of SPS Commerce in the third quarter worth $35,000. RiverPark Advisors LLC purchased a new stake in shares of SPS Commerce in the third quarter worth $42,000. CVA Family Office LLC bought a new stake in SPS Commerce during the fourth quarter valued at $44,000. Finally, Operose Advisors LLC purchased a new position in SPS Commerce during the third quarter worth about $46,000. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Up 0.1 %

Shares of SPSC traded up $0.15 during trading hours on Monday, hitting $192.60. The company had a trading volume of 110,974 shares, compared to its average volume of 180,196. SPS Commerce, Inc. has a 52-week low of $151.63 and a 52-week high of $218.74. The stock's 50 day moving average price is $178.97 and its 200 day moving average price is $180.93. The firm has a market cap of $7.13 billion, a P/E ratio of 105.25 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The business had revenue of $144.97 million for the quarter, compared to analysts' expectations of $143.05 million. On average, research analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $205.00 price target on shares of SPS Commerce in a research report on Friday. Robert W. Baird boosted their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, April 26th. Citigroup lifted their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a "buy" rating in a report on Friday. StockNews.com cut SPS Commerce from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. Finally, William Blair reaffirmed a "market perform" rating on shares of SPS Commerce in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.43.

Insider Buying and Selling

In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now owns 71,852 shares of the company's stock, valued at approximately $13,045,449.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sven Wehrwein sold 2,408 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the sale, the director now directly owns 15,747 shares of the company's stock, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. Insiders have sold a total of 28,019 shares of company stock valued at $5,186,345 over the last three months. 1.00% of the stock is owned by company insiders.

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.