Stifel Financial Corp Sells 441 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stifel Financial Corp cut its position in SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,162 shares of the software maker’s stock after selling 441 shares during the period. Stifel Financial Corp owned about 0.08% of SPS Commerce worth $5,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in SPS Commerce in the fourth quarter valued at approximately $26,000. CVA Family Office LLC acquired a new stake in SPS Commerce in the fourth quarter valued at $44,000. Operose Advisors LLC acquired a new stake in SPS Commerce in the 3rd quarter valued at about $46,000. Headlands Technologies LLC acquired a new position in shares of SPS Commerce during the 3rd quarter worth approximately $54,000. Finally, Parallel Advisors LLC raised its stake in SPS Commerce by 52.9% in the 4th quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock valued at $66,000 after acquiring an additional 117 shares during the period. 98.96% of the stock is owned by institutional investors.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

SPS Commerce Stock Down 2.3 %

SPSC stock opened at $183.63 on Friday. The firm has a market capitalization of $6.80 billion, a PE ratio of 100.34 and a beta of 0.83. SPS Commerce, Inc. has a twelve month low of $151.96 and a twelve month high of $218.74. The stock’s 50 day moving average is $182.62 and its 200-day moving average is $184.00.

SPS Commerce (NASDAQ:SPSCGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The company had revenue of $149.58 million for the quarter, compared to analyst estimates of $146.50 million. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on SPSC shares. Redburn Atlantic began coverage on shares of SPS Commerce in a research report on Tuesday, May 14th. They set a “buy” rating and a $220.00 price objective for the company. Citigroup raised their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Robert W. Baird upped their target price on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.25.

Read Our Latest Report on SPSC

SPS Commerce Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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