SG Americas Securities LLC Sells 7,542 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

SG Americas Securities LLC decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 56.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,915 shares of the software maker’s stock after selling 7,542 shares during the period. SG Americas Securities LLC’s holdings in SPS Commerce were worth $735,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Leverty Financial Group LLC bought a new position in shares of SPS Commerce in the 3rd quarter valued at about $218,000. Texas Permanent School Fund lifted its holdings in shares of SPS Commerce by 2.3% in the 2nd quarter. Texas Permanent School Fund now owns 26,089 shares of the software maker’s stock valued at $2,949,000 after acquiring an additional 592 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of SPS Commerce by 46.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 17,115 shares of the software maker’s stock valued at $1,935,000 after acquiring an additional 5,429 shares during the last quarter. Xponance Inc. lifted its holdings in shares of SPS Commerce by 15.1% in the 2nd quarter. Xponance Inc. now owns 1,969 shares of the software maker’s stock valued at $223,000 after acquiring an additional 258 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of SPS Commerce by 7.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 10,244 shares of the software maker’s stock valued at $1,273,000 after acquiring an additional 747 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at SPS Commerce

In related news, CEO Archie C. Black sold 3,845 shares of SPS Commerce stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 56,272 shares of the company’s stock, valued at $7,043,566.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other SPS Commerce news, CEO Archie C. Black sold 9,763 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $135.20, for a total value of $1,319,957.60. Following the completion of the sale, the chief executive officer now directly owns 56,272 shares in the company, valued at $7,607,974.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Archie C. Black sold 3,845 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now 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 have sold a total of 27,374 shares of company stock valued at $3,691,944 over the last ninety days. 1.30% of the stock is owned by company insiders.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $135.99 on Friday. The firm has a market cap of $4.90 billion, a PE ratio of 97.14 and a beta of 0.76. The firm’s 50 day simple moving average is $131.27 and its 200-day simple moving average is $125.60. SPS Commerce, Inc. has a one year low of $96.41 and a one year high of $146.81.

SPS Commerce (NASDAQ:SPSC – Get Rating) last issued its earnings results on Thursday, October 27th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.14. The business had revenue of $114.49 million for 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%. Equities research analysts predict that SPS Commerce, Inc. will post 1.58 EPS for the current fiscal year.

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.