Natixis Advisors LLC reduces position in SPS Commerce, Inc. (NASDAQ:SPSC)

Natixis Advisors LLC has sold its interest in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) fell 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 53,268 shares of the software maker, 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 major investors have also recently made changes to their positions in the company. Mather Group LLC. increased its stake in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker worth $27,000, after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of SPS Commerce in the second quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in SPS Commerce shares by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker worth $32,000, after buying another 100 shares in the last quarter. DT Investment Partners LLC bought a new stake in shares of SPS Commerce during the second quarter worth approximately $63,000. Finally, Signaturefd LLC increased its position in SPS Commerce by 26.0% during the third 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 shares.

SPS Commerce trade increases by 3.6%

SPSC stock opened at $186.32 on Friday. The company’s 50-day moving average is $186.75 and its two-hundred-day moving average is $191.28. The company has a market cap 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 – Get Free Report) last reported its earnings results on Thursday, October 24. The software maker reported $0.92 earnings per share for the quarter, beating 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 company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the company posted earnings per share of $0.53. The company’s revenue for the quarter increased 20.7% compared to the same quarter last year. On average, stock analysts predict that SPS Commerce, Inc. will post earnings per share of 2.39 for the current year.

Analysts set new price targets

A number of equity research analysts have weighed in on SPSC stock. 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 28. Craig Hallum raised his 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 26. DA Davidson raised their price target on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29. 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 25. Five analysts have rated the stock with a hold rating and six have given a buy rating to the 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.

Check out our latest analysis on SPS Commerce

Buying and selling with insider information

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

SPS Commerce company profile

(Free report)

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through SPS Commerce, a cloud-based platform that improves the way retailers, grocers, suppliers, distributors and logistics companies manage and fulfill omnichannel orders, optimize sell-through performance and automate new commerce relationships.

See also

Would you like to see which other hedge funds own SPSC? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for SPS Commerce, Inc. (NASDAQ:SPSC – Free Report).

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