DF Dent & Co. Inc. Sells 4,328 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

DF Dent & Co. Inc. reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 122,563 shares of the software maker’s stock after selling 4,328 shares during the quarter. DF Dent & Co. Inc.’s holdings in SPS Commerce were worth $22,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of SPS Commerce by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after acquiring an additional 67,687 shares during the period. State Street Corp lifted its stake in SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares during the period. Geode Capital Management LLC boosted its holdings in SPS Commerce by 1.5% during the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after purchasing an additional 14,174 shares in the last quarter. FMR LLC grew its stake in shares of 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 purchasing an additional 104,769 shares during the period. Finally, Geneva Capital Management LLC raised its holdings in shares of SPS Commerce by 31.1% in the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after buying an additional 138,014 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Up 2.5 %

SPS Commerce stock opened at $137.66 on Thursday. The company has a market cap of $5.20 billion, a PE ratio of 67.48 and a beta of 0.92. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The company’s 50-day moving average is $148.62 and its two-hundred day moving average is $174.30.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. Research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Ratings Changes

SPSC has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Wednesday, March 26th. Robert W. Baird dropped their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Citigroup reduced their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is owned by 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.