Dupont Capital Management Corp Sells 4,212 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Dupont Capital Management Corp cut its stake in SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 59.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,931 shares of the software maker’s stock after selling 4,212 shares during the period. Dupont Capital Management Corp’s holdings in SPS Commerce were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its holdings in shares of SPS Commerce by 28.5% in the third quarter. Exchange Traded Concepts LLC now owns 496 shares of the software maker’s stock worth $62,000 after purchasing an additional 110 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of SPS Commerce in the third quarter worth about $62,000. AdvisorNet Financial Inc bought a new position in shares of SPS Commerce in the second quarter worth about $62,000. First Horizon Advisors Inc. grew its holdings in shares of SPS Commerce by 10,450.0% in the second quarter. First Horizon Advisors Inc. now owns 844 shares of the software maker’s stock worth $94,000 after purchasing an additional 836 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new position in SPS Commerce during the 2nd quarter worth about $170,000. 99.31% of the stock is currently owned by institutional investors.

Insider Activity at SPS Commerce

In related news, CEO Archie C. Black sold 3,845 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total value of $481,278.65. Following the completion of the transaction, the chief executive officer now directly owns 56,272 shares of the company’s stock, valued at approximately $7,043,566.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SPS Commerce news, Director Philip Soran sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $135.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 17,684 shares of the company’s stock, valued at approximately $2,387,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Archie C. Black sold 3,845 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total transaction of $481,278.65. Following the transaction, the chief executive officer now directly owns 56,272 shares of the company’s stock, valued at $7,043,566.24. The disclosure for this sale can be found here. Insiders sold 27,374 shares of company stock valued at $3,691,944 in the last three months. 1.30% of the stock is owned by insiders.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $132.90 on Monday. SPS Commerce, Inc. has a fifty-two week low of $96.41 and a fifty-two week high of $146.81. The stock has a market capitalization of $4.79 billion, a P/E ratio of 94.93 and a beta of 0.76. The company’s 50-day simple moving average is $130.31 and its 200-day simple moving average is $125.01.

SPS Commerce (NASDAQ:SPSCGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The software maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.36 by $0.14. The firm had revenue of $114.49 million during the quarter, compared to analyst estimates of $113.83 million. SPS Commerce had a net margin of 12.04% and a return on equity of 11.70%. On average, research analysts forecast that SPS Commerce, Inc. will post 1.58 EPS for the current year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent research reports. TheStreet cut shares of SPS Commerce from a “b-” rating to a “c” rating in a report on Friday, October 28th. Stifel Nicolaus increased their target price on shares of SPS Commerce from $140.00 to $150.00 in a report on Wednesday, October 5th. Robert W. Baird cut shares of SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 target price on the stock. in a report on Wednesday, December 14th. Finally, StockNews.com initiated coverage on shares of SPS Commerce in a report on Wednesday, October 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

About SPS Commerce

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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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