Natixis Advisors LLC Decreases Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Natixis Advisors LLC cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,084 shares of the software maker’s stock after selling 184 shares during the quarter. Natixis Advisors LLC’s holdings in SPS Commerce were worth $9,767,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC increased its stake in shares of SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after buying an additional 54 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of SPS Commerce by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after buying an additional 58 shares during the period. Amalgamated Bank increased its stake in shares of SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after buying an additional 61 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in shares of SPS Commerce by 6.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock worth $231,000 after buying an additional 71 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler reduced 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. Finally, Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Buying and Selling

In related news, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Trading Down 0.3 %

Shares of SPSC stock opened at $128.28 on Friday. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61. The stock has a market cap of $4.85 billion, a PE ratio of 62.88 and a beta of 0.92. The company’s fifty day moving average price is $158.23 and its 200-day moving average price is $177.84.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 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.