SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Decreased by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,585 shares of the software maker's stock after selling 2,739 shares during the quarter. Glenmede Trust Co. NA owned about 0.29% of SPS Commerce worth $21,472,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPSC. Quadrature Capital Ltd acquired a new stake in SPS Commerce during the first quarter worth about $329,000. Janus Henderson Group PLC raised its holdings in SPS Commerce by 1.7% in the first quarter. Janus Henderson Group PLC now owns 49,329 shares of the software maker's stock valued at $9,117,000 after buying an additional 813 shares during the period. Cetera Advisors LLC acquired a new position in SPS Commerce during the first quarter valued at approximately $465,000. Moody National Bank Trust Division grew its stake in SPS Commerce by 4.8% during the second quarter. Moody National Bank Trust Division now owns 14,255 shares of the software maker's stock worth $2,682,000 after buying an additional 650 shares during the period. Finally, Mather Group LLC. grew its stake in SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker's stock worth $27,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

SPSC has been the topic of several recent research reports. Stifel Nicolaus lifted 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 upped their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Piper Sandler started coverage on SPS Commerce in a research note on Monday. They issued a "neutral" rating and a $198.00 target price for the company. Finally, Needham & Company LLC reissued a "buy" rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $220.78.

SPS Commerce Stock Down 0.4 %

Shares of SPSC traded down $0.75 during trading on Thursday, reaching $192.57. The company's stock had a trading volume of 157,390 shares, compared to its average volume of 186,441. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 92.14 and a beta of 0.84. The company has a fifty day moving average of $186.66 and a two-hundred day moving average of $191.27.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.39 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.