Natixis Advisors L.P. Acquires 524 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Natixis Advisors L.P. boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,451 shares of the software maker’s stock after acquiring an additional 524 shares during the quarter. Natixis Advisors L.P.’s holdings in SPS Commerce were worth $11,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPSC. McGlone Suttner Wealth Management Inc. purchased a new position in shares of SPS Commerce during the fourth quarter worth about $26,000. NBC Securities Inc. bought a new stake in SPS Commerce during the third quarter valued at approximately $35,000. RiverPark Advisors LLC purchased a new position in SPS Commerce in the 3rd quarter worth approximately $42,000. CVA Family Office LLC bought a new position in shares of SPS Commerce in the 4th quarter worth $44,000. Finally, Operose Advisors LLC purchased a new stake in shares of SPS Commerce during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In related news, COO James J. Frome sold 2,901 shares of SPS Commerce stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the sale, the chief operating officer now directly owns 54,029 shares in the company, valued at approximately $9,904,596.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares in the company, valued at $3,102,631.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO James J. Frome sold 2,901 shares of SPS Commerce stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total transaction of $531,811.32. Following the transaction, the chief operating officer now owns 54,029 shares in the company, valued at approximately $9,904,596.28. The disclosure for this sale can be found here. Insiders sold 28,019 shares of company stock worth $5,186,345 over the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird upped their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. William Blair reaffirmed a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, April 26th. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Finally, Citigroup initiated coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

SPS Commerce Stock Up 2.0 %

SPSC stock opened at $192.68 on Wednesday. The business has a 50 day moving average of $178.60 and a 200 day moving average of $179.95. SPS Commerce, Inc. has a twelve month low of $149.98 and a twelve month high of $218.74. The firm has a market cap of $7.14 billion, a PE ratio of 105.29 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The firm had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. On average, research analysts expect that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

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.