SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 5,831 Shares

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) EVP Dan Juckniess sold 5,831 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now directly owns 23,833 shares of the company's stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SPS Commerce Stock Down 1.0 %

Shares of SPS Commerce stock traded down $1.98 during trading on Friday, hitting $188.32. 464,671 shares of the company were exchanged, compared to its average volume of 186,554. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The firm has a 50 day moving average price of $186.97 and a 200 day moving average price of $191.35. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 90.11 and a beta of 0.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same quarter last year, the business posted $0.53 earnings per share. SPS Commerce's revenue was up 20.7% compared to the same quarter last year. Analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPSC. Piper Sandler initiated coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a "neutral" rating and a $198.00 price objective for the company. Stifel Nicolaus increased their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a report on Friday, October 25th. Robert W. Baird boosted their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $220.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock worth $280,398,000 after purchasing an additional 16,357 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in SPS Commerce by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker's stock worth $242,437,000 after buying an additional 21,170 shares during the period. Geode Capital Management LLC boosted its stake in SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker's stock worth $182,287,000 after buying an additional 14,174 shares during the last quarter. FMR LLC grew its holdings in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker's stock valued at $131,481,000 after buying an additional 104,769 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of SPS Commerce by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker's stock valued at $93,583,000 after acquiring an additional 12,552 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

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.