Central Pacific Bank Trust Division Grows Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Central Pacific Bank Trust Division raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 30.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 890 shares of the software maker’s stock after purchasing an additional 210 shares during the period. Central Pacific Bank Trust Division’s holdings in SPS Commerce were worth $173,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPSC. Mather Group LLC. grew its stake 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 bought a new position in shares of SPS Commerce during the second quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of SPS Commerce by 224.7% during the first 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 during the last quarter. Fidelis Capital Partners LLC bought 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 position in shares of SPS Commerce during the second quarter valued at about $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Activity

In other news, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the transaction, the director now directly owns 18,852 shares in the company, valued at approximately $3,879,553.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,675 shares of company stock worth $1,551,735. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SPSC shares. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Friday, August 2nd. Robert W. Baird raised their price objective on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Craig Hallum raised their target price on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

SPS Commerce Stock Performance

SPS Commerce stock opened at $190.32 on Friday. The stock’s 50 day simple moving average is $194.76 and its two-hundred day simple moving average is $189.31. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 104.00 and a beta of 0.82. SPS Commerce, Inc. has a fifty-two week low of $151.96 and a fifty-two 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 for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $151.87 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The business’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. On average, analysts predict that SPS Commerce, Inc. will post 2.32 earnings per share for the current 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.