SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661,767 shares of the software maker's stock after selling 49,840 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 1.76% of SPS Commerce worth $121,759,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce in the 4th quarter valued at about $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce in the 4th quarter worth approximately $41,000. Blue Trust Inc. increased its holdings in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd acquired a new stake in SPS Commerce in the 4th quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the fourth quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $2.80 during midday trading on Wednesday, hitting $132.52. 350,120 shares of the company's stock were exchanged, compared to its average volume of 233,123. The firm's fifty day simple moving average is $132.22 and its 200-day simple moving average is $167.14. The company has a market cap of $5.04 billion, a PE ratio of 64.96 and a beta of 0.89. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued 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%. Equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPSC shares. DA Davidson dropped their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Northland Securities reiterated a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Citigroup lowered their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce has a consensus rating of "Moderate Buy" and a consensus target price of $199.89.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction on 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 in the company, valued at $780,608,100.72. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 over the last quarter. Company insiders own 0.98% of the company's stock.

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.