US Bancorp DE Sells 4,420 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

US Bancorp DE lessened its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,761 shares of the software maker's stock after selling 4,420 shares during the quarter. US Bancorp DE owned approximately 0.11% of SPS Commerce worth $7,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPSC. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock worth $256,000 after purchasing an additional 55 shares during the period. Van ECK Associates Corp raised its holdings in SPS Commerce by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 22,048 shares of the software maker's stock valued at $4,184,000 after acquiring an additional 6,300 shares during the period. Olympiad Research LP raised its holdings in SPS Commerce by 13.3% during the 3rd quarter. Olympiad Research LP now owns 2,528 shares of the software maker's stock valued at $491,000 after acquiring an additional 297 shares during the period. Los Angeles Capital Management LLC raised its holdings in SPS Commerce by 9.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,893 shares of the software maker's stock valued at $4,251,000 after acquiring an additional 1,808 shares during the period. Finally, Entropy Technologies LP raised its holdings in SPS Commerce by 71.7% during the 3rd quarter. Entropy Technologies LP now owns 1,916 shares of the software maker's stock valued at $372,000 after acquiring an additional 800 shares during the period. Institutional investors own 98.96% of the company's stock.

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Insider Activity

In related news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares of the company's stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,695 shares of company stock valued at $7,781,086. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

SPSC has been the topic of several research analyst reports. Needham & Company LLC decreased their price target on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Northland Securities reaffirmed a "market perform" rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, Piper Sandler decreased their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Six 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 has a consensus rating of "Moderate Buy" and an average price target of $207.11.

SPS Commerce Stock Down 3.4 %

Shares of NASDAQ:SPSC traded down $4.51 during midday trading on Friday, hitting $128.22. 268,395 shares of the stock traded hands, compared to its average volume of 304,898. The stock has a market capitalization of $4.84 billion, a PE ratio of 62.85 and a beta of 0.92. The business's 50 day moving average is $168.40 and its two-hundred day moving average is $182.20. SPS Commerce, Inc. has a one year low of $125.95 and a one year 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 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%. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.