Wealth Alliance Sells 225 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Alliance cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,561 shares of the software maker’s stock after selling 225 shares during the period. Wealth Alliance’s holdings in SPS Commerce were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after buying an additional 16,357 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in SPS Commerce by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock valued at $242,437,000 after buying an additional 21,170 shares in the last quarter. Geode Capital Management LLC boosted its stake in SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after buying an additional 14,174 shares in the last quarter. FMR LLC boosted its stake in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after buying an additional 104,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in SPS Commerce by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock valued at $90,317,000 after buying an additional 8,186 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPSC has been the topic of several recent analyst reports. Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird decreased their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Northland Securities reissued a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Needham & Company LLC reduced their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Down 1.6 %

Shares of SPSC opened at $141.22 on Friday. SPS Commerce, Inc. has a 12-month low of $139.59 and a 12-month high of $218.61. The firm has a market capitalization of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88. The stock’s fifty day simple moving average is $179.85 and its 200-day simple moving average is $186.50.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity

In related news, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares in the company, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock valued at $7,781,086 over the last 90 days. 1.00% of the stock is owned by company insiders.

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.