SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,034 shares of the software maker’s stock after selling 1,100 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SPS Commerce were worth $2,142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in SPS Commerce by 79.0% in the second quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after acquiring an additional 3,662 shares during the period. AXA S.A. lifted its holdings in SPS Commerce by 19.4% in the second quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock valued at $5,530,000 after acquiring an additional 4,784 shares during the period. Hsbc Holdings PLC raised its stake in shares of SPS Commerce by 448.2% during the 2nd quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock worth $6,295,000 after buying an additional 27,376 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of SPS Commerce during the 3rd quarter worth $3,178,000. Finally, International Assets Investment Management LLC raised its stake in shares of SPS Commerce by 9,418.6% during the 3rd quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after buying an additional 9,607 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 0.4 %

Shares of SPSC stock opened at $192.57 on Friday. The firm has a 50-day moving average price of $186.66 and a 200 day moving average price of $191.27. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 92.14 and a beta of 0.84.

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

Analyst Upgrades and Downgrades

SPSC has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note 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 research note on Friday, October 25th. Piper Sandler initiated coverage on SPS Commerce in a research note on Monday. They set a “neutral” rating and a $198.00 price target for the company. Finally, Robert W. Baird lifted their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $220.78.

Insider Buying and Selling at SPS Commerce

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 value of $1,160,509.91. Following the completion of the sale, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

SPS Commerce Profile

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.