SPS Commerce, Inc. (NASDAQ:SPSC) COO James J. Frome Sells 1,406 Shares


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SPS Commerce, Inc. (NASDAQ:SPSC) COO James J. Frome sold 1,406 shares of the firm’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $109.44, for a total value of $153,872.64. Following the completion of the sale, the chief operating officer now owns 63,980 shares of the company’s stock, valued at $7,001,971.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of SPS Commerce stock traded down $2.75 during mid-day trading on Tuesday, hitting $106.31. 262,868 shares of the stock were exchanged, compared to its average volume of 210,377. SPS Commerce, Inc. has a 12 month low of $31.28 and a 12 month high of $118.06. The company has a 50-day simple moving average of $108.52 and a 200 day simple moving average of $93.22. The company has a market capitalization of $3.75 billion, a P/E ratio of 93.86, a P/E/G ratio of 5.99 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, February 10th. The software maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. SPS Commerce had a net margin of 13.67% and a return on equity of 11.32%. On average, research analysts predict that SPS Commerce, Inc. will post 1.1 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Benchmark lifted their price target on SPS Commerce from $98.00 to $115.00 in a research note on Friday, December 18th. Craig Hallum lifted their price target on SPS Commerce from $100.00 to $116.00 in a research note on Monday, December 21st. Needham & Company LLC lifted their price target on SPS Commerce from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Finally, Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, February 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $112.60.

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of SPS Commerce by 106.5% during the 4th quarter. Parallel Advisors LLC now owns 316 shares of the software maker’s stock worth $34,000 after buying an additional 163 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $37,000. Archer Investment Corp bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $38,000. Altshuler Shaham Ltd raised its holdings in shares of SPS Commerce by 42.2% in the 3rd quarter. Altshuler Shaham Ltd now owns 596 shares of the software maker’s stock worth $46,000 after purchasing an additional 177 shares during the period. Finally, Vantage Consulting Group Inc bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $50,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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