F M Investments LLC Lowers Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

F M Investments LLC lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 20.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 58,477 shares of the software maker’s stock after selling 15,232 shares during the quarter. F M Investments LLC’s holdings in SPS Commerce were worth $11,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPSC. Mather Group LLC. raised its position in shares of 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 buying an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in SPS Commerce in the 2nd quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of SPS Commerce during the first quarter valued at about $60,000. Finally, DT Investment Partners LLC bought a new stake in shares of SPS Commerce in the second quarter worth about $63,000. 98.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the transaction, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

SPS Commerce Stock Performance

NASDAQ SPSC traded up $1.47 during trading on Friday, hitting $166.47. The stock had a trading volume of 263,828 shares, compared to its average volume of 220,695. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The stock has a 50 day simple moving average of $189.97 and a 200 day simple moving average of $190.43. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 79.65 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to analyst estimates 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 for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPSC. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird increased their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Finally, Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $223.63.

SPS Commerce 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.