Dan Juckniess Sells 5,831 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value 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. The trade was a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SPS Commerce Trading Down 1.0 %

Shares of SPSC opened at $188.32 on Friday. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The stock has a market cap of $7.07 billion, a P/E ratio of 90.11 and a beta of 0.86. The company has a 50-day moving average of $186.97 and a two-hundred day moving average of $191.39.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on SPSC shares. Robert W. Baird increased their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Piper Sandler assumed coverage on shares of SPS Commerce in a report on Monday, November 25th. They set a “neutral” rating and a $198.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.78.

Institutional Trading of SPS Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its holdings in shares of SPS Commerce by 1.6% during the second quarter. Raymond James & Associates now owns 75,540 shares of the software maker’s stock worth $14,214,000 after buying an additional 1,154 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in SPS Commerce in the 2nd quarter valued at $223,000. Tributary Capital Management LLC lifted its stake in shares of SPS Commerce by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 81,726 shares of the software maker’s stock worth $15,378,000 after purchasing an additional 238 shares during the period. EFG Asset Management North America Corp. boosted its holdings in shares of SPS Commerce by 13.8% during the second quarter. EFG Asset Management North America Corp. now owns 13,090 shares of the software maker’s stock worth $2,461,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SPS Commerce by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 340,419 shares of the software maker’s stock valued at $64,053,000 after purchasing an additional 22,928 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

About SPS Commerce

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.