Envestnet Portfolio Solutions Inc. Lowers Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Envestnet Portfolio Solutions Inc. lessened its stake in SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,257 shares of the software maker’s stock after selling 508 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPS Commerce were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SPSC. McGlone Suttner Wealth Management Inc. purchased a new position in SPS Commerce in the fourth quarter valued at $26,000. NBC Securities Inc. acquired a new position in SPS Commerce in the 3rd quarter worth about $35,000. RiverPark Advisors LLC purchased a new position in SPS Commerce during the third quarter worth approximately $42,000. CVA Family Office LLC acquired a new stake in SPS Commerce in the fourth quarter valued at approximately $44,000. Finally, Operose Advisors LLC purchased a new stake in shares of SPS Commerce in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Activity

In related news, CFO Kimberly K. Nelson sold 5,197 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total transaction of $974,125.68. Following the completion of the sale, the chief financial officer now directly owns 153,518 shares in the company, valued at $28,775,413.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO James J. Frome sold 2,825 shares of SPS Commerce stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $187.47, for a total transaction of $529,602.75. Following the sale, the chief operating officer now owns 56,930 shares of the company’s stock, valued at approximately $10,672,667.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 5,197 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $187.44, for a total value of $974,125.68. Following the completion of the transaction, the chief financial officer now owns 153,518 shares of the company’s stock, valued at $28,775,413.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,611 shares of company stock valued at $4,711,897. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPSC. Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of SPS Commerce in a research report on Friday, May 10th. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Robert W. Baird boosted their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. William Blair reaffirmed a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Finally, Redburn Atlantic started coverage on SPS Commerce in a research note on Tuesday, May 14th. They set a “buy” rating and a $220.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average target price of $200.25.

Get Our Latest Stock Report on SPS Commerce

SPS Commerce Price Performance

SPSC opened at $196.09 on Friday. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 107.15 and a beta of 0.81. The company’s 50 day simple moving average is $180.10 and its two-hundred day simple moving average is $181.87. SPS Commerce, Inc. has a 1-year low of $151.63 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSCGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The firm had revenue of $149.58 million for the quarter, compared to the consensus estimate of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

SPS Commerce Company Profile

(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.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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