American Century Companies Inc. Sells 197,588 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

American Century Companies Inc. trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 49.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,637 shares of the software maker’s stock after selling 197,588 shares during the quarter. American Century Companies Inc. owned about 0.54% of SPS Commerce worth $37,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SPSC. Mather Group LLC. lifted its holdings 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 purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in SPS Commerce during the second quarter valued at $30,000. UMB Bank n.a. boosted its holdings in SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after acquiring an additional 164 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in SPS Commerce in the first quarter worth $60,000. Finally, DT Investment Partners LLC purchased a new stake in shares of SPS Commerce in the second quarter worth $63,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total transaction of $657,197.10. Following the transaction, the director now directly owns 18,852 shares in the company, valued at $3,771,531.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,771,531.12. The disclosure for this sale can be found here. Insiders sold 7,675 shares of company stock worth $1,551,735 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPSC. Stifel Nicolaus lifted their price target on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, August 2nd. Northland Securities lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Craig Hallum increased their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird boosted their price target on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $220.25.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $192.18 on Wednesday. The stock’s 50-day simple moving average is $197.68 and its two-hundred day simple moving average is $188.53. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 105.02 and a beta of 0.82. SPS Commerce, Inc. has a 52-week low of $151.96 and a 52-week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company had revenue of $153.60 million for the quarter, compared to the consensus estimate of $151.87 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

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.