State of Alaska Department of Revenue Sells 5,396 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)


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State of Alaska Department of Revenue lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 16.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,477 shares of the software maker’s stock after selling 5,396 shares during the period. State of Alaska Department of Revenue owned about 0.08% of SPS Commerce worth $2,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPSC. Advisor Group Holdings Inc. grew its position in SPS Commerce by 3.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 5,616 shares of the software maker’s stock worth $422,000 after acquiring an additional 200 shares during the last quarter. Vanguard Group Inc. grew its position in shares of SPS Commerce by 27.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,211,857 shares of the software maker’s stock valued at $241,275,000 after buying an additional 699,749 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of SPS Commerce in the 2nd quarter valued at about $553,000. California State Teachers Retirement System grew its position in shares of SPS Commerce by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 53,330 shares of the software maker’s stock valued at $4,006,000 after buying an additional 156 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of SPS Commerce by 957.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,063,110 shares of the software maker’s stock valued at $79,861,000 after buying an additional 962,574 shares during the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

In other news, Director Martin J. Leestma sold 20,806 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $88.90, for a total value of $1,849,653.40. Following the completion of the transaction, the director now directly owns 32,824 shares of the company’s stock, valued at $2,918,053.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Archie C. Black sold 58,850 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $91.35, for a total value of $5,375,947.50. Following the completion of the transaction, the chief executive officer now directly owns 81,909 shares of the company’s stock, valued at $7,482,387.15. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by corporate insiders.

Shares of SPSC opened at $107.63 on Thursday. The stock has a 50 day moving average of $105.22 and a 200 day moving average of $86.65. SPS Commerce, Inc. has a 12 month low of $31.28 and a 12 month high of $118.06. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 100.59, a PEG ratio of 5.56 and a beta of 0.83.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, October 28th. The software maker reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.15. SPS Commerce had a return on equity of 11.54% and a net margin of 13.23%. The business had revenue of $79.56 million during the quarter, compared to analyst estimates of $76.89 million. Sell-side analysts anticipate that SPS Commerce, Inc. will post 1.04 EPS for the current year.

A number of research firms recently weighed in on SPSC. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, January 5th. Craig Hallum upped their price target on SPS Commerce from $100.00 to $116.00 in a research note on Monday, December 21st. Needham & Company LLC upped their price target on SPS Commerce from $95.00 to $115.00 in a research note on Friday, December 18th. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 23rd. Finally, Benchmark upped their price target on SPS Commerce from $98.00 to $115.00 in a research note on Friday, December 18th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.00.

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

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