SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Decreased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,973 shares of the software maker's stock after selling 5,581 shares during the quarter. Congress Wealth Management LLC DE owned about 0.37% of SPS Commerce worth $25,386,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its holdings in shares of SPS Commerce by 0.3% during the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker's stock valued at $3,820,000 after purchasing an additional 54 shares during the period. Coldstream Capital Management Inc. raised its position in shares of SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock worth $237,000 after buying an additional 58 shares in the last quarter. Amalgamated Bank raised its position in shares of SPS Commerce by 0.6% during the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after buying an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of SPS Commerce by 6.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after acquiring an additional 71 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value 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 represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock valued at $6,613,078. Corporate insiders own 1.00% of the company's stock.

SPS Commerce Stock Down 2.0 %

Shares of SPS Commerce stock traded down $2.74 during trading on Friday, hitting $133.50. The stock had a trading volume of 272,430 shares, compared to its average volume of 220,890. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The stock has a 50 day simple moving average of $152.14 and a 200 day simple moving average of $175.51. The company has a market capitalization of $5.04 billion, a PE ratio of 65.44 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPSC. Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Northland Securities reaffirmed a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Wednesday. Citigroup cut their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, Stifel Nicolaus lowered their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus target price of $207.11.

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.