Illinois Municipal Retirement Fund Sells 1,458 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Illinois Municipal Retirement Fund trimmed its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 24,071 shares of the software maker’s stock after selling 1,458 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in SPS Commerce were worth $4,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPSC. Vanguard Group Inc. boosted its stake in SPS Commerce by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after buying an additional 33,874 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in SPS Commerce by 27.6% in the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after buying an additional 128,788 shares in the last quarter. William Blair Investment Management LLC boosted its stake in SPS Commerce by 19.0% in the third quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock worth $97,155,000 after buying an additional 90,964 shares in the last quarter. FMR LLC boosted its stake in SPS Commerce by 0.4% in the third quarter. FMR LLC now owns 507,955 shares of the software maker’s stock worth $86,662,000 after buying an additional 2,152 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in SPS Commerce by 1.0% in the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after buying an additional 4,764 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Up 0.3 %

Shares of SPSC stock opened at $171.12 on Thursday. The stock has a fifty day moving average of $180.29 and a 200 day moving average of $179.16. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 97.23 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. The company had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. Equities research analysts anticipate that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPSC shares. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday, February 9th. Finally, Citigroup started coverage on SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.67.

Insider Buying and Selling

In related news, Director Archie C. Black sold 12,875 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares in the company, valued at $16,137,034.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. Insiders sold 66,688 shares of company stock valued at $12,122,275 over the last quarter. 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.