Philip Soran Sells 2,060 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Philip Soran sold 2,060 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $109.55, for a total transaction of $225,673.00. Following the completion of the sale, the director now directly owns 9,968 shares in the company, valued at approximately $1,091,994.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Philip Soran also recently made the following trade(s):

  • On Monday, June 10th, Philip Soran sold 600 shares of SPS Commerce stock. The shares were sold at an average price of $109.62, for a total transaction of $65,772.00.

SPSC stock opened at $102.46 on Wednesday. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.05. SPS Commerce, Inc. has a twelve month low of $72.13 and a twelve month high of $115.00. The business’s 50 day moving average is $104.40. The firm has a market capitalization of $1.84 billion, a PE ratio of 83.98, a P/E/G ratio of 4.48 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.30. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The company had revenue of $66.93 million for the quarter, compared to analysts’ expectations of $66.16 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that SPS Commerce, Inc. will post 1.6 EPS for the current year.

SPSC has been the topic of several analyst reports. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $124.00 target price on the stock in a report on Wednesday, May 1st. ValuEngine cut shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a report on Friday, April 26th. Finally, JMP Securities raised their target price on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $110.58.

Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG raised its holdings in SPS Commerce by 128.0% during the fourth quarter. Deutsche Bank AG now owns 147,480 shares of the software maker’s stock worth $12,147,000 after purchasing an additional 82,802 shares in the last quarter. Martingale Asset Management L P raised its holdings in SPS Commerce by 27.6% during the fourth quarter. Martingale Asset Management L P now owns 49,505 shares of the software maker’s stock worth $4,079,000 after purchasing an additional 10,700 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in SPS Commerce during the fourth quarter worth approximately $416,000. Emancipation Management LLC acquired a new stake in SPS Commerce during the fourth quarter worth approximately $247,000. Finally, Hsbc Holdings PLC raised its holdings in SPS Commerce by 169.4% during the fourth quarter. Hsbc Holdings PLC now owns 51,268 shares of the software maker’s stock worth $4,223,000 after purchasing an additional 32,235 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Insider Buying and Selling by Quarter for SPS Commerce (NASDAQ:SPSC)

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