SPS Commerce, Inc. (NASDAQ:SPSC) COO James J. Frome Sells 3,772 Shares

SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) COO James J. Frome sold 3,772 shares of SPS Commerce stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $169.48, for a total value of $639,278.56. Following the transaction, the chief operating officer now directly owns 34,332 shares in the company, valued at approximately $5,818,587.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SPS Commerce Stock Up 0.9 %

Shares of SPSC traded up $1.55 during mid-day trading on Friday, hitting $172.09. The stock had a trading volume of 143,370 shares, compared to its average volume of 147,679. The company has a market cap of $6.29 billion, a PE ratio of 109.32 and a beta of 0.77. The company’s fifty day simple moving average is $154.60 and its two-hundred day simple moving average is $144.10. SPS Commerce, Inc. has a fifty-two week low of $97.75 and a fifty-two week high of $173.27.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JMP Securities boosted their target price on SPS Commerce from $150.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, February 10th. Northland Securities boosted their target price on SPS Commerce from $151.00 to $154.00 in a research report on Thursday, April 27th. Craig Hallum upped their price objective on SPS Commerce from $160.00 to $165.00 in a research report on Thursday, April 27th. StockNews.com started coverage on SPS Commerce in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a research note on Friday, March 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in SPS Commerce by 654.0% during the 4th quarter. Alliancebernstein L.P. now owns 676,583 shares of the software maker’s stock valued at $86,894,000 after purchasing an additional 586,851 shares during the period. Morgan Stanley raised its stake in SPS Commerce by 156.5% during the 4th quarter. Morgan Stanley now owns 800,226 shares of the software maker’s stock valued at $102,773,000 after acquiring an additional 488,227 shares in the last quarter. Norges Bank bought a new stake in SPS Commerce during the 4th quarter valued at $42,215,000. Macquarie Group Ltd. raised its stake in SPS Commerce by 131.8% during the 3rd quarter. Macquarie Group Ltd. now owns 280,216 shares of the software maker’s stock valued at $34,878,000 after acquiring an additional 159,324 shares in the last quarter. Finally, Eaton Vance Management raised its stake in SPS Commerce by 14,809.0% during the 1st quarter. Eaton Vance Management now owns 126,428 shares of the software maker’s stock valued at $16,588,000 after acquiring an additional 125,580 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

About SPS Commerce

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.

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