Atria Investments Inc Sells 2,215 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Atria Investments Inc reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 19.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,021 shares of the software maker’s stock after selling 2,215 shares during the quarter. Atria Investments Inc’s holdings in SPS Commerce were worth $1,752,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in shares of SPS Commerce by 2,099.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after buying an additional 92,381 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in SPS Commerce by 662.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock valued at $17,065,000 after purchasing an additional 78,805 shares during the period. F M Investments LLC acquired a new position in SPS Commerce during the 2nd quarter valued at about $13,869,000. Hantz Financial Services Inc. acquired a new position in SPS Commerce during the 2nd quarter valued at about $12,876,000. Finally, Vanguard Group Inc. lifted its position in SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock valued at $803,798,000 after purchasing an additional 58,525 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPSC shares. Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. DA Davidson lifted their price target on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and an average price target of $223.63.

SPS Commerce Trading Down 1.8 %

Shares of SPSC opened at $176.59 on Friday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 84.49 and a beta of 0.84. The firm’s fifty day simple moving average is $187.26 and its two-hundred day simple moving average is $191.22. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. As a group, research analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

About SPS Commerce

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.