Mount Yale Investment Advisors LLC Sells 235 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Mount Yale Investment Advisors LLC decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,622 shares of the software maker’s stock after selling 235 shares during the period. Mount Yale Investment Advisors LLC’s holdings in SPS Commerce were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. lifted its position in 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 in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of SPS Commerce in the second quarter worth about $30,000. UMB Bank n.a. lifted its position in shares of SPS Commerce by 224.7% during the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of SPS Commerce during the 1st quarter valued at approximately $60,000. Finally, DT Investment Partners LLC purchased a new stake in SPS Commerce in the 2nd quarter worth approximately $63,000. Institutional investors own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

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

Analysts Set New Price Targets

Several brokerages have weighed in on SPSC. Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, August 2nd. Craig Hallum raised their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, DA Davidson increased their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.25.

SPS Commerce Trading Down 0.2 %

Shares of SPS Commerce stock opened at $195.33 on Monday. The firm has a market cap of $7.23 billion, a PE ratio of 106.74 and a beta of 0.82. The stock has a 50 day moving average of $197.70 and a 200 day moving average of $188.77. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. SPS Commerce’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. As a group, equities research 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.