Loomis Sayles & Co. L P Raises Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Loomis Sayles & Co. L P boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,956 shares of the software maker’s stock after purchasing an additional 8,743 shares during the quarter. Loomis Sayles & Co. L P owned about 0.26% of SPS Commerce worth $17,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SPSC. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SPS Commerce in the 3rd quarter worth approximately $210,000. Advisors Asset Management Inc. boosted its holdings in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. Citigroup Inc. grew its stake in shares of SPS Commerce by 56.3% in the third quarter. Citigroup Inc. now owns 54,451 shares of the software maker’s stock worth $10,573,000 after acquiring an additional 19,618 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of SPS Commerce by 67.2% during the third quarter. Cerity Partners LLC now owns 3,786 shares of the software maker’s stock valued at $735,000 after acquiring an additional 1,522 shares in the last quarter. Finally, FMR LLC raised its position in shares of SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SPSC. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Wednesday. Northland Securities reiterated a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Robert W. Baird decreased their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Stock Performance

SPS Commerce stock opened at $133.50 on Friday. SPS Commerce, Inc. has a one year low of $122.58 and a one year high of $218.61. The stock has a fifty day moving average of $152.14 and a 200 day moving average of $175.51. The stock has a market cap of $5.04 billion, a PE ratio of 65.44 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock worth $6,613,078 in the last 90 days. 1.00% of the stock is currently owned by insiders.

SPS Commerce 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.