XTX Topco Ltd Has $328,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

XTX Topco Ltd lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,744 shares of the software maker’s stock after buying an additional 82 shares during the quarter. XTX Topco Ltd’s holdings in SPS Commerce were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in SPS Commerce by 79.0% in the second quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock worth $1,562,000 after acquiring an additional 3,662 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in SPS Commerce by 11.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock worth $6,062,000 after buying an additional 3,340 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in SPS Commerce by 60.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 68,135 shares of the software maker’s stock worth $12,598,000 after buying an additional 25,636 shares during the last quarter. Wellington Management Group LLP raised its holdings in SPS Commerce by 23.0% during the fourth quarter. Wellington Management Group LLP now owns 341,875 shares of the software maker’s stock valued at $66,269,000 after buying an additional 63,962 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of SPS Commerce by 36.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 204,042 shares of the software maker’s stock worth $37,727,000 after buying an additional 54,600 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Buying and Selling

In other news, Director Philip Soran sold 3,285 shares of the stock in a transaction 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 transaction, the director now owns 18,852 shares in the company, valued at approximately $3,771,531.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other SPS Commerce news, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction that occurred 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 sale, the director now directly owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of the company’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 sale, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock valued at $1,551,735 over the last ninety days. 1.00% of the stock is owned by company insiders.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $191.34 on Friday. The firm’s 50-day moving average is $196.64 and its 200-day moving average is $188.94. SPS Commerce, Inc. has a 52-week low of $151.96 and a 52-week high of $218.74. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 104.56 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The firm had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities analysts predict that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday, August 2nd. Northland Securities cut 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 research note on Monday, July 29th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. DA Davidson boosted their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price target on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $220.25.

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.