1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC cut its position in SPS Commerce, Inc. ( NASDAQ:SPSC – Free Report ) by 4.4% in the 4th quarter, Holdings Channel reports.
The institutional investor owned 3,082 shares of the software maker’s stock after selling 143 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SPS Commerce were worth $567,000 as of its most recent SEC filing. Several other large investors have also bought and sold shares of SPSC.
SBI Securities Co. Ltd. purchased a new position in SPS Commerce in the 4th quarter worth approximately $40,000.
Blue Trust Inc. raised its stake in shares of SPS Commerce by 49.1% in the fourth quarter.
Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd bought a new position in shares of SPS Commerce during the fourth quarter valued at $57,000.
Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the fourth quarter valued at $57,000. Finally, Trust Co. of Vermont bought a new stake in SPS Commerce in the 4th quarter worth about $69,000.
98.96% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on SPSC shares.
Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th.
Piper Sandler dropped their target price 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.
Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of SPS Commerce in a research note on Wednesday, March 26th. Northland Securities restated a “market perform” rating and issued a $181.
00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Robert W.
Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th.
Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.11.
Insider Buying and Selling at SPS Commerce In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.
54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at $4,167,776.20.
This trade represents a 30.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.
68, for a total transaction of $1,715,677.20. Following the transaction, the chief financial officer now 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 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 ninety days. 1.
00% of the stock is currently owned by company insiders. SPS Commerce Trading Down 3.6 % Shares of NASDAQ:SPSC opened at $123.
28 on Tuesday. The stock has a 50 day moving average of $144.58 and a 200 day moving average of $172.
76. The company has a market cap of $4.69 billion, a PE ratio of 60.
43 and a beta of 0.89. SPS Commerce, Inc.
has a 12-month low of $121.52 and a 12-month high of $218.61.
SPS Commerce ( NASDAQ:SPSC – Get Free Report ) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
87 by ($0.21). SPS Commerce had a return on equity of 12.
27% and a net margin of 12.08%. Equities research analysts predict that SPS Commerce, Inc.
will post 2.73 earnings per share for the current fiscal year. About SPS Commerce ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc.
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