Sanctuary Advisors LLC has sold its interest in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) increased 7.4% in the third quarter, the company said in its most recent disclosure to the SEC. The institutional investor owned 3,102 shares of the software maker, after purchasing an additional 213 shares during the quarter. Sanctuary Advisors LLC’s holdings in SPS Commerce were worth $587,000 at the end of the most recent quarter.
Several other major investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in SPS Commerce shares by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker worth $32,000, after buying another 100 shares in the last quarter. Advisors Asset Management Inc. grew its position in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker worth $34,000, after acquiring another 100 shares in the last quarter. Signaturefd LLC increased its holdings in SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after acquiring an additional 69 shares in the last quarter. Avior Wealth Management LLC increased its position in SPS Commerce by 1,358.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after purchasing an additional 326 shares during the period. Finally, Huntington National Bank increased its position in SPS Commerce by 63.0% during the third quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after purchasing an additional 172 shares during the period. Institutional investors own 98.96% of the company’s shares.
Changes in analyst ratings
SPSC has been the subject of several analyst reports. Piper Sandler opened up about SPS Commerce in a research report on Monday, November 25. They set a “neutral” rating and a $198.00 target price for the stock. Needham & Company LLC reissued a “buy” rating and a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Stifel Nicolaus raised 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 25. Finally, Robert W. Baird raised their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of ‘Moderate Buy’ and an average price target of $220.78.
View our latest stock analysis on SPS Commerce
SPS Commerce Price Performance
Shares of SPSC stock opened at $189.95 on Wednesday. The company’s 50-day simple moving average is $186.77 and its two-hundred-day simple moving average is $191.38. SPS Commerce, Inc. has a one-year low of $160.58 and a one-year high of $218.74. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 90.89 and a beta of 0.86.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its quarterly earnings data on Thursday, October 24. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the company posted earnings per share of $0.53. SPS Commerce’s quarterly revenue increased by 20.7% year-on-year. On average, research analysts expect SPS Commerce, Inc. will record a profit per share of 2.38 for the current financial year.
Insider activity at SPS Commerce
In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the CEO now owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The transaction resulted in an 11.16% decrease in their ownership of the shares. The sale was disclosed in a filing with the SEC, which is available on the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction on Wednesday, December 18. The shares sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This means a decrease in their position of 19.66%. The explanation of this sale can be found here. 1.00% of the shares are currently owned by industry insiders.
About SPS Commerce
(Free report)
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through SPS Commerce, a cloud-based platform that improves the way retailers, grocers, suppliers, distributors and logistics companies manage and fulfill omnichannel orders, optimize sell-through performance and automate new commerce relationships.
See also
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