SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) EVP Jamie Thingelstad sold 2,418 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total transaction of $132,844.92. Following the completion of the sale, the executive vice president directly owned 56,344 shares of the company's stock, valued at $3,095,539.36. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SPS Commerce Stock Performance
Shares of SPSC opened at $54.17 on Wednesday. The company has a market capitalization of $2.03 billion, a PE ratio of 22.11 and a beta of 0.56. The company's 50 day moving average price is $83.40 and its 200 day moving average price is $93.89. SPS Commerce, Inc. has a 52 week low of $53.72 and a 52 week high of $153.16.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company had revenue of $192.65 million during the quarter, compared to analyst estimates of $193.60 million. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.
Institutional Trading of SPS Commerce
A number of institutional investors and hedge funds have recently modified their holdings of SPSC. Advisors Asset Management Inc. grew its stake in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock valued at $52,000 after buying an additional 112 shares during the last quarter. Profund Advisors LLC boosted its holdings in SPS Commerce by 6.4% during the second quarter. Profund Advisors LLC now owns 1,892 shares of the software maker's stock valued at $257,000 after acquiring an additional 114 shares during the period. Benjamin Edwards Inc. grew its position in shares of SPS Commerce by 4.0% in the third quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker's stock valued at $321,000 after purchasing an additional 120 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of SPS Commerce by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker's stock worth $1,870,000 after purchasing an additional 126 shares during the period. Finally, Park Place Capital Corp lifted its position in shares of SPS Commerce by 29.7% during the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker's stock worth $50,000 after purchasing an additional 129 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SPSC. Weiss Ratings reiterated a "sell (d+)" rating on shares of SPS Commerce in a report on Thursday, January 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $110.00 price objective (down from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Morgan Stanley set a $95.00 price target on shares of SPS Commerce in a research note on Friday, February 13th. Finally, DA Davidson reduced their price objective on shares of SPS Commerce from $80.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $87.40.
Check Out Our Latest Stock Report on SPSC
About SPS Commerce
(
Get Free Report)
SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company's platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.
The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.
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