Prudential Financial Inc. Sells 7,805 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Prudential Financial Inc. decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,802 shares of the software maker's stock after selling 7,805 shares during the period. Prudential Financial Inc. owned approximately 0.15% of SPS Commerce worth $10,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPSC. Advisors Asset Management Inc. boosted its holdings in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. bought a new position in SPS Commerce during the 4th quarter worth $40,000. Blue Trust Inc. raised 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 acquiring an additional 84 shares in the last quarter. R Squared Ltd bought a new stake in shares of SPS Commerce during the 4th quarter valued at $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce during the 4th quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock valued at $6,613,078 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th. Stifel Nicolaus cut 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 price target 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. Northland Securities restated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Robert W. Baird dropped their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.11.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded up $0.75 during midday trading on Wednesday, hitting $135.00. 37,852 shares of the stock traded hands, compared to its average volume of 317,167. SPS Commerce, Inc. has a one year low of $122.58 and a one year high of $218.61. The business has a 50 day moving average price of $150.97 and a two-hundred day moving average price of $174.97. The company has a market cap of $5.10 billion, a PE ratio of 66.24 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data 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, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.