SPS Commerce, Inc. (SPSC) COO Sells $191,467.23 in Stock, Report finds

SPS Commerce, Inc. (SPSC) COO Sells $191,467.23 in Stock, Report finds

SPS Commerce, Inc. (NASDAQ:SPSC) COO James J. Frome sold 2,859 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $66.97, for a total value of $191,467.23. Following the transaction, the chief operating officer now owns 18,111 shares of the company’s stock, valued at approximately $1,212,893.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SPS Commerce, Inc. (NASDAQ:SPSC) traded down 18.86% during mid-day trading on Wednesday, reaching $53.81. The company had a trading volume of 1,836,603 shares. The firm’s 50 day moving average price is $70.03 and its 200-day moving average price is $68.15. The company has a market capitalization of $916.87 million, a price-to-earnings ratio of 153.74 and a beta of 1.27. SPS Commerce, Inc. has a 12 month low of $38.35 and a 12 month high of $74.85.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The company earned $51.10 million during the quarter, compared to the consensus estimate of $50.91 million. SPS Commerce had a return on equity of 4.24% and a net margin of 3.27%. SPS Commerce’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Equities research analysts anticipate that SPS Commerce, Inc. will post $0.99 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS increased its stake in SPS Commerce by 4.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 391,590 shares of the company’s stock valued at $23,730,000 after buying an additional 15,535 shares during the last quarter. Riverbridge Partners LLC increased its stake in SPS Commerce by 5.5% in the second quarter. Riverbridge Partners LLC now owns 814,643 shares of the company’s stock valued at $49,367,000 after buying an additional 42,687 shares during the last quarter. Nationwide Fund Advisors increased its stake in SPS Commerce by 0.6% in the second quarter. Nationwide Fund Advisors now owns 10,874 shares of the company’s stock valued at $659,000 after buying an additional 65 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in SPS Commerce by 21.1% in the second quarter. UBS Asset Management Americas Inc. now owns 6,900 shares of the company’s stock valued at $418,000 after buying an additional 1,200 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in SPS Commerce by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,322 shares of the company’s stock valued at $141,000 after buying an additional 285 shares during the last quarter.

A number of equities research analysts recently weighed in on SPSC shares. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, November 2nd. Benchmark Co. started coverage on SPS Commerce in a research note on Tuesday, December 6th. They set a “buy” rating and a $84.00 price objective for the company. William Blair cut SPS Commerce from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective (down from $83.00) on shares of SPS Commerce in a research note on Wednesday. Finally, Canaccord Genuity cut SPS Commerce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $82.00 to $65.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.57.

SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.

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SPS Commerce, Inc. (SPSC) COO Sells $191,467.23 in Stock

SPS Commerce, Inc. (SPSC) COO Sells $191,467.23 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) COO James J. Frome sold 2,859 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $66.97, for a total value of $191,467.23. Following the transaction, the chief operating officer now owns 18,111 shares of the company’s stock, valued at approximately $1,212,893.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SPS Commerce, Inc. (NASDAQ:SPSC) traded down 18.86% during mid-day trading on Wednesday, reaching $53.81. The company had a trading volume of 1,836,603 shares. The firm’s 50 day moving average price is $70.03 and its 200-day moving average price is $68.15. The company has a market capitalization of $916.87 million, a price-to-earnings ratio of 153.74 and a beta of 1.27. SPS Commerce, Inc. has a 12 month low of $38.35 and a 12 month high of $74.85.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The company earned $51.10 million during the quarter, compared to the consensus estimate of $50.91 million. SPS Commerce had a return on equity of 4.24% and a net margin of 3.27%. SPS Commerce’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Equities research analysts anticipate that SPS Commerce, Inc. will post $0.99 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS increased its stake in SPS Commerce by 4.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 391,590 shares of the company’s stock valued at $23,730,000 after buying an additional 15,535 shares during the last quarter. Riverbridge Partners LLC increased its stake in SPS Commerce by 5.5% in the second quarter. Riverbridge Partners LLC now owns 814,643 shares of the company’s stock valued at $49,367,000 after buying an additional 42,687 shares during the last quarter. Nationwide Fund Advisors increased its stake in SPS Commerce by 0.6% in the second quarter. Nationwide Fund Advisors now owns 10,874 shares of the company’s stock valued at $659,000 after buying an additional 65 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in SPS Commerce by 21.1% in the second quarter. UBS Asset Management Americas Inc. now owns 6,900 shares of the company’s stock valued at $418,000 after buying an additional 1,200 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in SPS Commerce by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,322 shares of the company’s stock valued at $141,000 after buying an additional 285 shares during the last quarter.

A number of equities research analysts recently weighed in on SPSC shares. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, November 2nd. Benchmark Co. started coverage on SPS Commerce in a research note on Tuesday, December 6th. They set a “buy” rating and a $84.00 price objective for the company. William Blair cut SPS Commerce from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective (down from $83.00) on shares of SPS Commerce in a research note on Wednesday. Finally, Canaccord Genuity cut SPS Commerce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $82.00 to $65.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.57.

SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.

Related posts

Leave a Comment