American Century Companies Inc. Sells 127,305 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

American Century Companies Inc. lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 83.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,778 shares of the software maker's stock after selling 127,305 shares during the quarter. American Century Companies Inc. owned about 0.07% of SPS Commerce worth $4,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its position in SPS Commerce by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock worth $237,000 after buying an additional 58 shares in the last quarter. Amalgamated Bank lifted its position in shares of SPS Commerce by 0.6% during the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock valued at $2,025,000 after acquiring an additional 61 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of SPS Commerce by 6.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock worth $1,476,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

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Insider Transactions at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares of the company's stock, valued at approximately $361,974,568.56. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares of the company's stock, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their position. 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. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SPSC shares. Robert W. Baird reduced their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Northland Securities reissued a "market perform" rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $210.00 price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Trading Down 4.2 %

SPSC traded down $5.76 on Thursday, reaching $130.08. The stock had a trading volume of 398,167 shares, compared to its average volume of 231,058. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 63.77 and a beta of 0.89. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61. The firm has a 50-day moving average of $138.84 and a 200-day moving average of $170.77.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.