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.
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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