SPS Commerce, Inc. (NASDAQ:SPSC) CEO Archie C. Black sold 1,997 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $95.08, for a total value of $189,874.76. Following the completion of the sale, the chief executive officer now directly owns 92,321 shares in the company, valued at $8,777,880.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SPS Commerce stock traded up $1.84 during trading hours on Tuesday, hitting $93.93. The stock had a trading volume of 119,762 shares, compared to its average volume of 154,499. The company has a market capitalization of $1.66 billion, a PE ratio of 223.64, a P/E/G ratio of 3.62 and a beta of 0.78. SPS Commerce, Inc. has a one year low of $45.02 and a one year high of $100.68.
Several research firms recently weighed in on SPSC. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 18th. ValuEngine raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 17th. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. TheStreet raised SPS Commerce from a “c+” rating to a “b-” rating in a research note on Friday, October 26th. Finally, First Analysis set a $86.00 price objective on SPS Commerce and gave the company a “neutral” rating in a research note on Thursday, October 4th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. SPS Commerce currently has a consensus rating of “Buy” and an average price target of $90.56.
A number of institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its position in SPS Commerce by 10.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,563 shares of the software maker’s stock valued at $850,000 after purchasing an additional 827 shares during the last quarter. Perkins Capital Management Inc. raised its position in SPS Commerce by 4.3% in the second quarter. Perkins Capital Management Inc. now owns 20,850 shares of the software maker’s stock valued at $1,532,000 after purchasing an additional 850 shares during the last quarter. SG Americas Securities LLC raised its position in SPS Commerce by 46.7% in the second quarter. SG Americas Securities LLC now owns 3,022 shares of the software maker’s stock valued at $222,000 after purchasing an additional 962 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in SPS Commerce in the third quarter valued at about $114,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in SPS Commerce in the third quarter valued at about $119,000. Hedge funds and other institutional investors own 94.41% of the company’s stock.
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SPS Commerce Company 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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