Maryland State Retirement & Pension System Sells 114 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Maryland State Retirement & Pension System lessened its position in shares of SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,224 shares of the software maker’s stock after selling 114 shares during the quarter. Maryland State Retirement & Pension System’s holdings in SPS Commerce were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce in the 4th quarter valued at $26,000. CVA Family Office LLC bought a new stake in SPS Commerce in the fourth quarter valued at about $44,000. Parallel Advisors LLC raised its position in SPS Commerce by 52.9% in the fourth quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock worth $66,000 after purchasing an additional 117 shares in the last quarter. NBC Securities Inc. lifted its stake in SPS Commerce by 73.7% during the first quarter. NBC Securities Inc. now owns 363 shares of the software maker’s stock worth $67,000 after purchasing an additional 154 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in SPS Commerce by 43.9% during the fourth quarter. RiverPark Advisors LLC now owns 354 shares of the software maker’s stock valued at $69,000 after purchasing an additional 108 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Up 0.0 %

Shares of NASDAQ:SPSC opened at $190.44 on Friday. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74. The business has a 50-day moving average price of $188.43 and a two-hundred day moving average price of $184.80. The stock has a market capitalization of $7.05 billion, a P/E ratio of 104.07 and a beta of 0.85.

SPS Commerce (NASDAQ:SPSCGet Free Report) last issued its earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.35 by $0.20. The firm had revenue of $149.58 million during the quarter, compared to the consensus estimate of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPSC shares. Citigroup raised their target price on 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 increased their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday, May 10th. Redburn Atlantic started coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They issued a “buy” rating and a $220.00 target price for the company. Finally, StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $200.25.

Read Our Latest Report on SPS Commerce

Insider Buying and Selling at SPS Commerce

In related news, Director James Burr Ramsey sold 6,567 shares of the business’s stock in a transaction on 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 directly owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

SPS Commerce 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.

Further Reading

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

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.