State Board of Administration of Florida Retirement System Has $1.57 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

State Board of Administration of Florida Retirement System trimmed its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,869 shares of the software maker’s stock after selling 600 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in SPS Commerce were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of SPS Commerce by 437.3% during the first quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker’s stock worth $42,000 after buying an additional 258 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in SPS Commerce in the 2nd quarter worth about $62,000. First Horizon Advisors Inc. raised its position in SPS Commerce by 10,450.0% in the second quarter. First Horizon Advisors Inc. now owns 844 shares of the software maker’s stock valued at $94,000 after purchasing an additional 836 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of SPS Commerce by 30.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,241 shares of the software maker’s stock valued at $163,000 after purchasing an additional 291 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of SPS Commerce by 12.3% during the first quarter. National Bank of Canada FI now owns 1,978 shares of the software maker’s stock worth $165,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Archie C. Black sold 3,845 shares of SPS Commerce stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total transaction of $481,278.65. Following the completion of the transaction, the chief executive officer now owns 56,272 shares of the company’s stock, valued at $7,043,566.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Archie C. Black sold 3,845 shares of SPS Commerce stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total transaction of $481,278.65. Following the completion of the transaction, the chief executive officer now owns 56,272 shares of the company’s stock, valued at $7,043,566.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip Soran sold 1,000 shares of SPS Commerce stock in a transaction on Friday, November 11th. The stock was sold at an average price of $135.00, for a total transaction of $135,000.00. Following the transaction, the director now directly owns 17,684 shares of the company’s stock, valued at approximately $2,387,340. The disclosure for this sale can be found here. Insiders sold 14,608 shares of company stock valued at $1,936,236 over the last quarter. Insiders own 1.30% of the company’s stock.

SPS Commerce Stock Down 1.1 %

Shares of NASDAQ SPSC opened at $133.28 on Thursday. SPS Commerce, Inc. has a twelve month low of $96.41 and a twelve month high of $152.09. The firm has a fifty day simple moving average of $125.01 and a 200 day simple moving average of $118.05. The company has a market capitalization of $4.80 billion, a PE ratio of 95.20 and a beta of 0.71.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $200.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, July 21st. StockNews.com started coverage on shares of SPS Commerce in a research note on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet downgraded shares of SPS Commerce from a “b-” rating to a “c” rating in a research note on Friday, October 28th. Craig Hallum dropped their price target on shares of SPS Commerce from $210.00 to $160.00 in a research note on Thursday, July 28th. Finally, Stifel Nicolaus raised their price target on shares of SPS Commerce from $140.00 to $150.00 in a research note on Wednesday, October 5th.

About SPS Commerce

(Get Rating)

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

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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