SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,940 shares of the software maker’s stock after selling 154 shares during the period. Crossmark Global Holdings Inc.’s holdings in SPS Commerce were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SPSC. Mather Group LLC. lifted its stake in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after purchasing an additional 164 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of SPS Commerce in the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC acquired a new position in SPS Commerce during the second quarter worth $63,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on SPSC. Citigroup upped 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. Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, August 2nd. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, DA Davidson upped their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $220.25.

Insiders Place Their Bets

In other SPS Commerce news, Director Philip Soran sold 3,285 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Soran sold 3,285 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.06, for a total transaction of $657,197.10. Following the sale, the director now directly owns 18,852 shares in the company, valued at approximately $3,771,531.12. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock valued at $1,551,735 over the last 90 days. 1.00% of the stock is owned by company insiders.

SPS Commerce Stock Up 0.7 %

Shares of NASDAQ SPSC opened at $199.74 on Friday. The firm has a 50-day simple moving average of $197.26 and a 200-day simple moving average of $188.36. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 109.15 and a beta of 0.85. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The firm had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. SPS Commerce’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.33 EPS for the current year.

SPS Commerce Company 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.