SPS Commerce (NASDAQ:SPSC) Hits New 52-Week Low – Time to Sell?

SPS Commerce, Inc. (NASDAQ:SPSC)’s share price hit a new 52-week low on Monday . The company traded as low as $138.05 and last traded at $137.41, with a volume of 38677 shares changing hands. The stock had previously closed at $141.22.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPSC shares. Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC lowered their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Robert W. Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Six investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Trading Up 0.3 %

The company has a market cap of $5.23 billion, a P/E ratio of 67.86 and a beta of 0.88. The company’s 50-day moving average price is $177.43 and its two-hundred day moving average price is $185.57.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Transactions at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now owns 147,002 shares of the company’s stock, valued at $26,620,592.18. This trade represents a 5.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors have recently bought and sold shares of SPSC. Public Employees Retirement System of Ohio increased its position in shares of SPS Commerce by 22.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,774 shares of the software maker’s stock valued at $2,718,000 after purchasing an additional 2,714 shares during the period. Palisades Investment Partners LLC lifted its holdings in shares of SPS Commerce by 9.4% in the fourth quarter. Palisades Investment Partners LLC now owns 49,548 shares of the software maker’s stock valued at $9,116,000 after buying an additional 4,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in SPS Commerce by 14.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,493 shares of the software maker’s stock valued at $21,618,000 after buying an additional 15,194 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in SPS Commerce by 18.2% during the fourth quarter. Voloridge Investment Management LLC now owns 72,313 shares of the software maker’s stock worth $13,305,000 after acquiring an additional 11,138 shares during the period. Finally, Sovereign s Capital Management LLC bought a new stake in SPS Commerce in the fourth quarter worth about $481,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

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.