Moody Aldrich Partners LLC Sells 689 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody Aldrich Partners LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,094 shares of the software maker’s stock after selling 689 shares during the quarter. SPS Commerce comprises about 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 13th biggest position. Moody Aldrich Partners LLC owned approximately 0.11% of SPS Commerce worth $7,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mather Group LLC. grew its holdings in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC bought a new position in SPS Commerce in the second quarter worth approximately $30,000. Blue Trust Inc. grew its stake in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Fidelis Capital Partners LLC acquired a new stake in SPS Commerce in the first quarter valued at approximately $60,000. Finally, DT Investment Partners LLC acquired a new position in shares of SPS Commerce during the second quarter worth approximately $63,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPSC stock traded up $1.40 during mid-day trading on Thursday, hitting $191.15. The company had a trading volume of 23,898 shares, compared to its average volume of 176,868. The firm has a market cap of $7.09 billion, a PE ratio of 98.83 and a beta of 0.82. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74. The stock’s fifty day moving average price is $193.36 and its two-hundred day moving average price is $190.55.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The business had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same period in the prior year, the company earned $0.42 earnings per share. SPS Commerce’s revenue was up 17.8% compared to the same quarter last year. Equities analysts anticipate that SPS Commerce, Inc. will post 2.32 earnings per share for the current year.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPSC has been the subject of several research reports. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Stifel Nicolaus upped their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson increased their price objective on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Craig Hallum increased their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

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.