Central Pacific Bank Trust Division Buys 120 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Central Pacific Bank Trust Division raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,010 shares of the software maker’s stock after purchasing an additional 120 shares during the period. Central Pacific Bank Trust Division’s holdings in SPS Commerce were worth $186,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. boosted 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 worth $34,000 after acquiring an additional 100 shares during the period. Signaturefd LLC grew its position in shares of SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of SPS Commerce by 1,358.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after purchasing an additional 326 shares during the period. Finally, Huntington National Bank lifted its holdings in SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after purchasing an additional 172 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, 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 position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Trading Up 2.2 %

Shares of NASDAQ SPSC opened at $186.85 on Friday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 89.40 and a beta of 0.88. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74. The stock has a 50-day moving average price of $186.00 and a two-hundred day moving average price of $191.39.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPSC. Piper Sandler started coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective on the stock. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday. Finally, Robert W. Baird raised their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

About SPS Commerce

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.