SPS Commerce, Inc. (SPSC) Stake Lessened by Citigroup Inc.

Citigroup Inc. lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 27.3% in the 1st quarter, HoldingsChannel reports. The fund owned 4,174 shares of the software maker’s stock after selling 1,564 shares during the period. Citigroup Inc.’s holdings in SPS Commerce were worth $267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of SPS Commerce during the 1st quarter worth about $132,000. Koch Industries Inc. bought a new stake in shares of SPS Commerce during the 4th quarter worth about $240,000. Teacher Retirement System of Texas bought a new stake in shares of SPS Commerce during the 4th quarter worth about $289,000. Mackay Shields LLC bought a new stake in shares of SPS Commerce during the 1st quarter worth about $436,000. Finally, KBC Group NV bought a new stake in shares of SPS Commerce during the 1st quarter worth about $439,000. Institutional investors own 96.39% of the company’s stock.

Shares of NASDAQ:SPSC opened at $75.74 on Friday. SPS Commerce, Inc. has a twelve month low of $45.02 and a twelve month high of $78.57. The company has a market cap of $1.36 billion, a P/E ratio of 180.33, a price-to-earnings-growth ratio of 3.39 and a beta of 0.75.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 26th. The software maker reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. SPS Commerce had a positive return on equity of 3.01% and a negative net margin of 0.95%. The firm had revenue of $59.09 million during the quarter, compared to the consensus estimate of $57.81 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. equities analysts forecast that SPS Commerce, Inc. will post 0.92 earnings per share for the current year.

Several analysts have recently issued reports on SPSC shares. BidaskClub upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Canaccord Genuity upgraded SPS Commerce from a “hold” rating to a “buy” rating and increased their target price for the company from $57.00 to $75.00 in a research note on Friday, April 27th. ValuEngine upgraded SPS Commerce from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. JMP Securities increased their target price on SPS Commerce from $68.00 to $75.00 and gave the company a “market outperform” rating in a research note on Friday, April 27th. Finally, Benchmark upgraded SPS Commerce from a “sell” rating to a “hold” rating in a research note on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. SPS Commerce has a consensus rating of “Buy” and a consensus target price of $73.57.

In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,968 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $67.00, for a total value of $399,856.00. Following the completion of the transaction, the chief financial officer now owns 58,710 shares of the company’s stock, valued at approximately $3,933,570. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $71.06, for a total value of $1,186,702.00. Following the completion of the transaction, the chief financial officer now directly owns 62,742 shares of the company’s stock, valued at approximately $4,458,446.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,350 shares of company stock valued at $1,635,505. 2.80% of the stock is owned by corporate insiders.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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

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