BNP Paribas Financial Markets Sells 35,627 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

BNP Paribas Financial Markets lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 62.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,527 shares of the software maker's stock after selling 35,627 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of SPS Commerce worth $3,961,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in SPS Commerce during the fourth quarter valued at $40,000. Hurley Capital LLC acquired a new position in SPS Commerce in the 4th quarter worth approximately $41,000. Blue Trust Inc. grew its stake in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares during the period. R Squared Ltd acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the transaction, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This trade represents a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,465 shares of company stock valued at $1,401,898 over the last quarter. Insiders own 0.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPSC shares. DA Davidson decreased their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Northland Securities reaffirmed a "market perform" rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their target price 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. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, Piper Sandler dropped their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Four equities research 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 a consensus price target of $195.38.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $0.12 during mid-day trading on Tuesday, hitting $149.40. The company had a trading volume of 11,276 shares, compared to its average volume of 242,048. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 73.18 and a beta of 0.81. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The firm's 50 day simple moving average is $135.62 and its two-hundred day simple moving average is $161.64.

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

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.