Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) Director Sells $225,673.00 in Stock

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.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.30. The firm had revenue of $66.93 million for the quarter, compared to analyst estimates of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities research analysts forecast that SPS Commerce, Inc. will post 1.6 EPS for the current fiscal year.

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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Insider Buying and Selling by Quarter for SPS Commerce (NASDAQ:SPSC)

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