SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 41.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,028 shares of the software maker’s stock after selling 1,410 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SPS Commerce were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce in the 4th quarter valued at $26,000. NBC Securities Inc. purchased a new position in SPS Commerce during the 3rd quarter worth $35,000. CVA Family Office LLC acquired a new position in SPS Commerce in the fourth quarter valued at $44,000. RiverPark Advisors LLC purchased a new stake in shares of SPS Commerce in the third quarter valued at about $42,000. Finally, Operose Advisors LLC purchased a new stake in shares of SPS Commerce in the third quarter valued at about $46,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Up 2.0 %

NASDAQ:SPSC opened at $192.68 on Wednesday. The firm’s fifty day simple moving average is $178.60 and its 200-day simple moving average is $179.95. The stock has a market cap of $7.13 billion, a PE ratio of 105.29 and a beta of 0.81. SPS Commerce, Inc. has a fifty-two week low of $149.98 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The firm had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. Equities analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,408 shares of SPS Commerce stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Archie C. Black sold 8,723 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sven Wehrwein sold 2,408 shares of SPS Commerce stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the transaction, the director now owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. Insiders have sold a total of 28,019 shares of company stock worth $5,186,345 in the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPSC. Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research report on Friday, April 26th. Robert W. Baird boosted their target price on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Citigroup assumed coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective on the stock. Finally, William Blair restated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and an average target price of $196.57.

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.