Stephens Inc. AR Reduces Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Inc. AR lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,687 shares of the software maker’s stock after selling 96 shares during the quarter. Stephens Inc. AR’s holdings in SPS Commerce were worth $328,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Shaker Investments LLC OH lifted its holdings in shares of SPS Commerce by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock worth $564,000 after buying an additional 50 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after buying an additional 55 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of SPS Commerce by 2.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after buying an additional 62 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of SPS Commerce by 1.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock worth $707,000 after buying an additional 67 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $185.27 on Friday. The business’s 50-day moving average is $188.32 and its 200 day moving average is $190.80. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The firm has a market capitalization of $6.96 billion, a P/E ratio of 88.65 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) 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 analyst estimates of $160.30 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPSC shares. Craig Hallum upped their target price on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Robert W. Baird boosted their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $223.63.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce 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.