SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Decreased by Westover Capital Advisors LLC

Westover Capital Advisors LLC cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 6.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,257 shares of the software maker’s stock after selling 91 shares during the period. Westover Capital Advisors LLC’s holdings in SPS Commerce were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Arkadios Wealth Advisors grew its holdings in SPS Commerce by 1.7% in the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after buying an additional 64 shares during the last quarter. Wealth Alliance lifted its position in shares of SPS Commerce by 4.4% during the 4th quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock worth $324,000 after buying an additional 71 shares during the period. Parkside Financial Bank & Trust raised its position in SPS Commerce by 8.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker’s stock valued at $179,000 after purchasing an additional 79 shares during the last quarter. Stifel Financial Corp raised its position in SPS Commerce by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock valued at $5,051,000 after purchasing an additional 80 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in SPS Commerce by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 18,479 shares of the software maker’s stock valued at $3,582,000 after purchasing an additional 81 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Buying and Selling at SPS Commerce

In other news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James J. Frome sold 2,901 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the transaction, the chief operating officer now directly owns 54,029 shares of the company’s stock, valued at $9,904,596.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,019 shares of company stock valued at $5,186,345. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday, April 26th. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Robert W. Baird boosted their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $196.57.

SPS Commerce Stock Performance

NASDAQ:SPSC traded up $0.34 on Friday, reaching $182.41. The company’s stock had a trading volume of 186,843 shares, compared to its average volume of 181,186. SPS Commerce, Inc. has a 1-year low of $147.90 and a 1-year high of $218.74. The firm has a market cap of $6.75 billion, a PE ratio of 99.68 and a beta of 0.81. The business’s 50-day moving average price is $178.39 and its two-hundred day moving average price is $179.44.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The firm had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current year.

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.