Legacy Wealth Asset Management LLC Sells 214 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Legacy Wealth Asset Management LLC reduced its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,803 shares of the software maker’s stock after selling 214 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in SPS Commerce were worth $332,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. grew its position in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the period. Signaturefd LLC increased its stake in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after acquiring an additional 69 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of SPS Commerce by 1,358.3% in the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after acquiring an additional 326 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of SPS Commerce by 63.0% in the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after acquiring an additional 172 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Piper Sandler began coverage on SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price for the company. Robert W. Baird lifted their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Wednesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

SPS Commerce Trading Down 0.2 %

NASDAQ SPSC opened at $191.00 on Friday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 91.39 and a beta of 0.88. The firm’s fifty day moving average price is $188.14 and its two-hundred day moving average price is $191.33. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction 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 $9,238,941.74. The trade was a 11.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

SPS Commerce 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.