Arizona State Retirement System Sells 156 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Arizona State Retirement System lowered its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,246 shares of the software maker’s stock after selling 156 shares during the period. Arizona State Retirement System’s holdings in SPS Commerce were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPSC. International Assets Investment Management LLC bought a new position in SPS Commerce in the third quarter valued at $25,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce in the 4th quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of SPS Commerce in the 3rd quarter valued at about $35,000. RiverPark Advisors LLC bought a new position in shares of SPS Commerce in the 3rd quarter valued at about $42,000. Finally, CVA Family Office LLC bought a new position in shares of SPS Commerce in the 4th quarter valued at about $44,000. Institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling

In related news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other SPS Commerce news, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the sale, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock valued at $12,122,275. Company insiders own 1.20% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $169.90 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 96.53 and a beta of 0.79. The company has a 50-day simple moving average of $183.93 and a 200 day simple moving average of $179.20. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SPSC. Citigroup began coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. Finally, StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $199.67.

SPS Commerce Profile

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