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.
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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