SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,248 shares of the software maker’s stock after selling 754 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPS Commerce were worth $1,150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in SPS Commerce in the fourth quarter worth approximately $40,000. Blue Trust Inc. increased its position in shares of SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd purchased a new position in shares of SPS Commerce in the 4th quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce during the fourth quarter worth approximately $57,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is owned by insiders.

SPS Commerce Stock Up 1.4 %

Shares of SPSC opened at $130.13 on Friday. SPS Commerce, Inc. has a 52-week low of $122.58 and a 52-week high of $218.61. The company has a 50-day simple moving average of $157.25 and a 200-day simple moving average of $177.26. The company has a market capitalization of $4.92 billion, a PE ratio of 63.79 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Northland Securities reiterated a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup decreased their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Stifel Nicolaus reduced their price objective 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. 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 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.