Cerity Partners LLC Sells 1,870 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Cerity Partners LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 49.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,916 shares of the software maker’s stock after selling 1,870 shares during the quarter. Cerity Partners LLC’s holdings in SPS Commerce were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SPSC. SBI Securities Co. Ltd. bought a new stake in SPS Commerce in the 4th quarter valued at $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $41,000. Blue Trust Inc. grew its position in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd bought a new position in SPS Commerce during the fourth quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Stock Up 2.1 %

NASDAQ SPSC opened at $129.72 on Wednesday. The firm has a 50-day moving average price of $132.50 and a two-hundred day moving average price of $167.38. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The company has a market capitalization of $4.93 billion, a P/E ratio of 63.59 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SPSC shares. DA Davidson decreased their price objective on SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Piper Sandler cut their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Robert W. Baird cut their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Northland Securities restated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.89.

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.