SPS Commerce, Inc. (NASDAQ:SPSC) Director Philip Soran sold 2,060 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $109.55, for a total transaction of $225,673.00. Following the transaction, the director now owns 9,968 shares in the company, valued at approximately $1,091,994.40. The sale was disclosed in a filing with the SEC, which is available at this link.
Philip Soran also recently made the following trade(s):
- On Monday, June 10th, Philip Soran sold 600 shares of SPS Commerce stock. The shares were sold at an average price of $109.62, for a total transaction of $65,772.00.
NASDAQ:SPSC opened at $99.65 on Thursday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 81.68, a P/E/G ratio of 4.32 and a beta of 0.74. SPS Commerce, Inc. has a 1-year low of $72.13 and a 1-year high of $115.00. The business has a fifty day simple moving average of $104.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.82 and a quick ratio of 4.82.
Large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in SPS Commerce by 128.0% during the fourth quarter. Deutsche Bank AG now owns 147,480 shares of the software maker’s stock worth $12,147,000 after buying an additional 82,802 shares in the last quarter. Martingale Asset Management L P boosted its holdings in SPS Commerce by 27.6% during the fourth quarter. Martingale Asset Management L P now owns 49,505 shares of the software maker’s stock worth $4,079,000 after buying an additional 10,700 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in SPS Commerce during the fourth quarter worth $416,000. Emancipation Management LLC purchased a new stake in SPS Commerce during the fourth quarter worth $247,000. Finally, Hsbc Holdings PLC boosted its holdings in SPS Commerce by 169.4% during the fourth quarter. Hsbc Holdings PLC now owns 51,268 shares of the software maker’s stock worth $4,223,000 after buying an additional 32,235 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
A number of brokerages have issued reports on SPSC. Benchmark restated a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of SPS Commerce in a research note on Thursday, May 2nd. Zacks Investment Research lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Oppenheimer increased their price objective on shares of SPS Commerce from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Northland Securities reiterated a “buy” rating and issued a $125.00 price objective on shares of SPS Commerce in a research note on Friday, April 26th. Finally, BidaskClub lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.58.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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