88,213 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 3rd quarter, HoldingsChannel reports. The firm acquired 88,213 shares of the software maker’s stock, valued at approximately $17,128,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPSC. Shaker Investments LLC OH increased its stake in shares of SPS Commerce by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after purchasing an additional 50 shares during the last quarter. Pathstone Holdings LLC boosted its stake in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after buying an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in SPS Commerce by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock valued at $256,000 after acquiring an additional 55 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after acquiring an additional 62 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in SPS Commerce by 1.8% during the second quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock worth $707,000 after acquiring an additional 67 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Down 0.0 %

Shares of NASDAQ:SPSC opened at $193.33 on Wednesday. The firm has a market cap of $7.26 billion, a P/E ratio of 92.50 and a beta of 0.84. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The business has a fifty day simple moving average of $186.64 and a 200 day simple moving average of $191.25.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) 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 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 earned $0.53 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPSC shares. Robert W. Baird lifted their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Piper Sandler started coverage on shares of SPS Commerce in a report on Monday. They set a “neutral” rating and a $198.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.78.

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.