F M Investments LLC Sells 42,668 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

F M Investments LLC lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,809 shares of the software maker's stock after selling 42,668 shares during the period. F M Investments LLC's holdings in SPS Commerce were worth $2,909,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after acquiring an additional 742,686 shares during the last quarter. Norges Bank purchased a new position in shares of SPS Commerce in the fourth quarter worth about $81,543,000. JPMorgan Chase & Co. raised its position in shares of SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock valued at $93,286,000 after purchasing an additional 252,575 shares during the period. Franklin Resources Inc. lifted its stake in shares of SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after buying an additional 210,284 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in SPS Commerce in the 4th quarter worth approximately $27,441,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,864 shares of company stock worth $6,613,078. Insiders own 1.00% of the company's stock.

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SPS Commerce Price Performance

NASDAQ SPSC traded up $0.57 during trading on Tuesday, hitting $130.75. 206,805 shares of the company's stock traded hands, compared to its average volume of 231,541. The stock has a fifty day moving average of $136.81 and a two-hundred day moving average of $169.79. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The firm has a market cap of $4.97 billion, a P/E ratio of 64.09 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of analyst reports. Robert W. Baird cut their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Northland Securities restated a "market perform" rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Wednesday, March 26th. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Finally, DA Davidson cut their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and an average target price of $199.89.

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.