State of New Jersey Common Pension Fund D Decreases Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

State of New Jersey Common Pension Fund D lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,065 shares of the software maker’s stock after selling 1,824 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of SPS Commerce worth $2,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPSC. Exchange Traded Concepts LLC increased its stake in 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 period. Wipfli Financial Advisors LLC purchased a new stake in SPS Commerce in the third quarter worth $62,000. AdvisorNet Financial Inc purchased a new stake in SPS Commerce in the second quarter worth $62,000. First Horizon Advisors Inc. increased its stake 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 worth $94,000 after purchasing an additional 836 shares during the period. Finally, Heritage Wealth Management LLC purchased a new stake in SPS Commerce in the second quarter worth $170,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $132.90 on Monday. SPS Commerce, Inc. has a 1-year low of $96.41 and a 1-year high of $146.81. The stock’s 50-day moving average is $130.31 and its 200 day moving average is $125.01. The company has a market cap of $4.79 billion, a P/E ratio of 94.93 and a beta of 0.76.

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

Analyst Ratings Changes

A number of research firms have weighed in on SPSC. TheStreet lowered SPS Commerce from a “b-” rating to a “c” rating in a research note on Friday, October 28th. Robert W. Baird lowered SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 price target on the stock. in a research note on Wednesday, December 14th. Stifel Nicolaus raised their price target on SPS Commerce from $140.00 to $150.00 in a research note on Wednesday, October 5th. Finally, StockNews.com started coverage on SPS Commerce in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Insider Activity at SPS Commerce

In related news, Director Philip Soran sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $135.00, for a total transaction of $135,000.00. Following the sale, the director now owns 17,684 shares of the company’s stock, valued at $2,387,340. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other SPS Commerce news, Director Philip Soran sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the completion of the sale, the director now owns 17,684 shares of the company’s stock, valued at $2,387,340. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 2,526 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $146.15, for a total value of $369,174.90. Following the completion of the sale, the chief financial officer now directly owns 126,388 shares of the company’s stock, valued at approximately $18,471,606.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,374 shares of company stock valued at $3,691,944 over the last quarter. 1.30% of the stock is owned by corporate insiders.

SPS Commerce Profile

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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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