Laurus Global Equity Management Inc. Buys 8,170 Shares of SPS Commerce, Inc. $SPSC

Laurus Global Equity Management Inc. increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 111.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,510 shares of the software maker’s stock after purchasing an additional 8,170 shares during the quarter. SPS Commerce comprises about 1.1% of Laurus Global Equity Management Inc.’s portfolio, making the stock its 22nd biggest position. Laurus Global Equity Management Inc.’s holdings in SPS Commerce were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. EFG Asset Management North America Corp. boosted its position in SPS Commerce by 17.3% in the 3rd quarter. EFG Asset Management North America Corp. now owns 31,490 shares of the software maker’s stock valued at $3,280,000 after buying an additional 4,633 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in SPS Commerce in the third quarter valued at about $48,000. LBP AM SA increased its position in SPS Commerce by 8.5% in the third quarter. LBP AM SA now owns 8,858 shares of the software maker’s stock worth $922,000 after purchasing an additional 696 shares during the period. Whittier Trust Co. raised its holdings in SPS Commerce by 1.8% during the 3rd quarter. Whittier Trust Co. now owns 26,150 shares of the software maker’s stock worth $2,770,000 after purchasing an additional 452 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in SPS Commerce by 136.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,424 shares of the software maker’s stock valued at $4,939,000 after purchasing an additional 27,390 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 2.0%

SPSC opened at $90.18 on Thursday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 40.44 and a beta of 0.58. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $194.24. The firm’s fifty day simple moving average is $88.36 and its 200 day simple moving average is $101.81.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPSC. Citigroup dropped their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Robert W. Baird set a $104.00 price target on SPS Commerce in a research report on Friday, October 31st. Northland Securities set a $109.00 price objective on SPS Commerce in a report on Friday, October 31st. Cantor Fitzgerald cut SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $80.00 in a report on Friday, October 31st. Finally, Morgan Stanley set a $100.00 target price on SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.80.

Insider Transactions at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the sale, the director owned 9,158 shares in the company, valued at approximately $844,917.08. The trade was a 15.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.