SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Trimmed by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,585 shares of the software maker’s stock after selling 2,739 shares during the quarter. Glenmede Trust Co. NA owned 0.29% of SPS Commerce worth $21,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Mather Group LLC. lifted its stake in SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter worth $30,000. Blue Trust Inc. raised its position in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Finally, DT Investment Partners LLC purchased a new stake in shares of SPS Commerce during the second quarter valued at $63,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $192.57 on Thursday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 92.14 and a beta of 0.84. The stock’s 50 day simple moving average is $186.67 and its 200 day simple moving average is $191.26. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period last year, the business posted $0.53 EPS. SPS Commerce’s revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird boosted their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Piper Sandler assumed coverage on SPS Commerce in a report on Monday. They set a “neutral” rating and a $198.00 price objective for the company. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.78.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

SPS Commerce Company 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.