Natixis Advisors L.P. boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,141 shares of the software maker's stock after purchasing an additional 3,202 shares during the quarter. Natixis Advisors L.P. owned approximately 0.12% of SPS Commerce worth $5,922,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPSC. CWM LLC lifted its holdings in SPS Commerce by 151.8% in the first quarter. CWM LLC now owns 214 shares of the software maker's stock worth $28,000 after purchasing an additional 129 shares during the period. Parkside Financial Bank & Trust raised its position in shares of SPS Commerce by 153.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 274 shares of the software maker's stock worth $39,000 after buying an additional 166 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of SPS Commerce by 437.3% in the 1st quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker's stock worth $42,000 after acquiring an additional 258 shares during the period. Standard Family Office LLC bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $94,000. Finally, First Horizon Advisors Inc. increased its stake in shares of SPS Commerce by 602.4% during the fourth quarter. First Horizon Advisors Inc. now owns 892 shares of the software maker's stock valued at $126,000 after acquiring an additional 765 shares during the period. Institutional investors and hedge funds own 99.09% of the company's stock.
Get SPS Commerce alerts:Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SPSC. Needham & Company LLC cut their target price on SPS Commerce from $200.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, July 21st. Craig Hallum decreased their target price on SPS Commerce from $210.00 to $160.00 in a research note on Thursday, July 28th. Finally, StockNews.com raised SPS Commerce from a "hold" rating to a "buy" rating in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus target price of $163.14.
SPS Commerce Stock Down 1.5 %
SPSC opened at $117.28 on Friday. The firm has a market cap of $4.22 billion, a PE ratio of 91.63 and a beta of 0.77. The business has a fifty day simple moving average of $119.59 and a 200-day simple moving average of $118.92. SPS Commerce, Inc. has a fifty-two week low of $96.41 and a fifty-two week high of $174.42.SPS Commerce (NASDAQ:SPSC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The software maker reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.04. SPS Commerce had a return on equity of 10.61% and a net margin of 11.46%. The business had revenue of $109.18 million during the quarter, compared to analyst estimates of $108.95 million. During the same quarter last year, the company posted $0.30 EPS. SPS Commerce's revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 1.5 EPS for the current fiscal year.
Insider Activity at SPS Commerce
In related news, Director Sven Wehrwein sold 1,000 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $132.99, for a total value of $132,990.00. Following the completion of the transaction, the director now owns 17,684 shares in the company, valued at approximately $2,351,795.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.
SPS Commerce Company Profile
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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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