Axa S.A. Acquires 4,784 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Axa S.A. lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,391 shares of the software maker’s stock after buying an additional 4,784 shares during the quarter. Axa S.A. owned about 0.08% of SPS Commerce worth $5,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of SPS Commerce by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in SPS Commerce by 2.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock worth $230,950,000 after purchasing an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in SPS Commerce by 1.5% in the 1st quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after purchasing an additional 12,397 shares during the period. William Blair Investment Management LLC grew its holdings in SPS Commerce by 2.9% during the 1st quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock valued at $110,508,000 after buying an additional 17,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of SPS Commerce by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock valued at $93,583,000 after buying an additional 12,552 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Up 0.5 %

SPSC opened at $192.25 on Friday. The stock has a market capitalization of $7.13 billion, a P/E ratio of 105.05 and a beta of 0.82. The stock has a 50-day moving average price of $196.44 and a 200-day moving average price of $188.99. SPS Commerce, Inc. has a 12-month low of $151.96 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. SPS Commerce’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Insider Activity

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction 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 directly owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $657,197.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,675 shares of company stock valued at $1,551,735. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SPSC. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. DA Davidson upped their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Craig Hallum increased their price objective on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird boosted their target price on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

About SPS Commerce

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.