Central Pacific Bank Trust Division Purchases 120 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Central Pacific Bank Trust Division increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 13.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,010 shares of the software maker’s stock after buying an additional 120 shares during the period. Central Pacific Bank Trust Division’s holdings in SPS Commerce were worth $186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPSC. Blue Trust Inc. raised its position in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. grew its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its holdings in SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares in the last quarter. Avior Wealth Management LLC lifted its stake in SPS Commerce by 1,358.3% in the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after buying an additional 326 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $186.85 on Friday. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 89.40 and a beta of 0.88. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The company has a 50-day simple moving average of $186.00 and a two-hundred day simple moving average of $191.39.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the business posted $0.53 earnings per share. SPS Commerce’s revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPSC shares. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird raised their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Friday. Finally, Piper Sandler initiated coverage on SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

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.