Prudent Man Advisors LLC Sells 362 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Prudent Man Advisors LLC cut its stake in SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 20.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,421 shares of the software maker’s stock after selling 362 shares during the quarter. Prudent Man Advisors LLC’s holdings in SPS Commerce were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of SPS Commerce in the third quarter valued at approximately $25,000. NBC Securities Inc. bought a new position in SPS Commerce in the 3rd quarter valued at $35,000. Huntington National Bank increased its position in shares of SPS Commerce by 66.1% during the 2nd quarter. Huntington National Bank now owns 201 shares of the software maker’s stock valued at $39,000 after purchasing an additional 80 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of SPS Commerce during the 3rd quarter worth $42,000. Finally, State of Wyoming raised its stake in shares of SPS Commerce by 40.2% during the 4th quarter. State of Wyoming now owns 356 shares of the software maker’s stock worth $46,000 after purchasing an additional 102 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SPS Commerce

In related news, Director Marty M. Reaume sold 3,285 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $190.61, for a total transaction of $626,153.85. Following the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,407,273.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Philip Soran sold 3,026 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $176.55, for a total transaction of $534,240.30. Following the sale, the director now owns 18,387 shares of the company’s stock, valued at approximately $3,246,224.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marty M. Reaume sold 3,285 shares of SPS Commerce stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $190.61, for a total value of $626,153.85. Following the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,407,273.63. The disclosure for this sale can be found here. Insiders sold 65,055 shares of company stock worth $11,568,095 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPSC shares. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a research report on Friday. Northland Securities raised shares of SPS Commerce from a “market perform” rating to an “outperform” rating and increased their target price for the company from $175.00 to $177.00 in a research report on Friday, October 27th. Finally, DA Davidson assumed coverage on shares of SPS Commerce in a report on Tuesday, November 14th. They issued a “buy” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

View Our Latest Research Report on SPS Commerce

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $210.99 on Monday. The stock has a market capitalization of $7.74 billion, a P/E ratio of 119.88 and a beta of 0.82. SPS Commerce, Inc. has a 52-week low of $137.52 and a 52-week high of $218.74. The stock’s 50-day simple moving average is $185.82 and its 200 day simple moving average is $176.59.

SPS Commerce Company Profile

(Free Report)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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

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