American Capital Management Inc. Sells 6,931 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

American Capital Management Inc. trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,407 shares of the software maker’s stock after selling 6,931 shares during the period. American Capital Management Inc. owned about 0.45% of SPS Commerce worth $32,700,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Edgestream Partners L.P. lifted its stake in shares of SPS Commerce by 17.5% in the 3rd quarter. Edgestream Partners L.P. now owns 41,757 shares of the software maker’s stock worth $8,108,000 after purchasing an additional 6,204 shares during the period. Martingale Asset Management L P increased its holdings in SPS Commerce by 0.8% during the third quarter. Martingale Asset Management L P now owns 12,709 shares of the software maker’s stock valued at $2,468,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SPS Commerce by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,631 shares of the software maker’s stock worth $1,676,000 after acquiring an additional 614 shares during the period. FORA Capital LLC boosted its stake in shares of SPS Commerce by 27.4% during the 3rd quarter. FORA Capital LLC now owns 4,707 shares of the software maker’s stock worth $914,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of SPS Commerce by 225.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,100 shares of the software maker’s stock valued at $4,485,000 after acquiring an additional 16,000 shares during the period. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

Shares of SPSC opened at $193.07 on Friday. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The company has a 50 day simple moving average of $186.56 and a two-hundred day simple moving average of $191.25. The firm has a market cap of $7.25 billion, a P/E ratio of 92.38 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly 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 company had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same period in the previous year, the firm posted $0.53 EPS. SPS Commerce’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Piper Sandler initiated coverage on SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price objective on the stock. Robert W. Baird increased 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. Finally, Stifel Nicolaus raised their target price 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.78.

Insider Activity at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

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.