SPS Commerce, Inc. (NASDAQ:SPSC) CEO Archie C. Black sold 2,365 shares of SPS Commerce stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $109.27, for a total value of $258,423.55. Following the completion of the transaction, the chief executive officer now owns 76,079 shares of the company’s stock, valued at approximately $8,313,152.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ SPSC opened at $106.76 on Friday. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 87.51, a PEG ratio of 4.44 and a beta of 0.74. SPS Commerce, Inc. has a 1 year low of $72.13 and a 1 year high of $115.00.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.30. The business had revenue of $66.93 million during the quarter, compared to the consensus estimate of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, sell-side analysts predict that SPS Commerce, Inc. will post 1.6 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in SPS Commerce by 0.3% during the fourth quarter. BlackRock Inc. now owns 2,764,683 shares of the software maker’s stock valued at $227,754,000 after buying an additional 7,844 shares during the period. Conestoga Capital Advisors LLC increased its holdings in SPS Commerce by 1.1% during the first quarter. Conestoga Capital Advisors LLC now owns 542,415 shares of the software maker’s stock valued at $57,529,000 after buying an additional 5,833 shares during the period. Renaissance Technologies LLC increased its holdings in SPS Commerce by 8.3% during the first quarter. Renaissance Technologies LLC now owns 479,130 shares of the software maker’s stock valued at $50,817,000 after buying an additional 36,852 shares during the period. Portsea Asset Management LLP increased its holdings in SPS Commerce by 32.5% during the first quarter. Portsea Asset Management LLP now owns 410,481 shares of the software maker’s stock valued at $43,536,000 after buying an additional 100,785 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. increased its holdings in SPS Commerce by 2.5% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 406,970 shares of the software maker’s stock valued at $43,163,000 after buying an additional 9,809 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.
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About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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