Natixis Advisors LLC Cuts Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Natixis Advisors LLC reduced its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 53,268 shares of the software maker’s stock after selling 490 shares during the period. Natixis Advisors LLC’s holdings in SPS Commerce were worth $10,343,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of SPS Commerce in the second quarter worth about $30,000. Blue Trust Inc. grew its stake in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. DT Investment Partners LLC purchased a new stake in shares of SPS Commerce during the 2nd quarter valued at about $63,000. Finally, Signaturefd LLC lifted its position in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Up 3.6 %

SPSC stock opened at $186.32 on Friday. The firm’s 50-day moving average is $186.75 and its two-hundred day moving average is $191.28. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 89.24 and a beta of 0.84. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SPSC shares. Robert W. Baird raised their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Craig Hallum increased their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson raised their target price on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.63.

Insider Buying and Selling

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.