Louisiana State Employees Retirement System Boosts Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Louisiana State Employees Retirement System raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,200 shares of the software maker’s stock after purchasing an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in SPS Commerce were worth $3,349,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPSC. Blue Trust Inc. lifted its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the period. R Squared Ltd acquired a new position in shares of SPS Commerce in the 4th quarter valued at about $57,000. Signaturefd LLC lifted its holdings in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after buying an additional 69 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of SPS Commerce by 1,358.3% in the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPSC. Northland Securities reissued a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday. Needham & Company LLC reduced their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler reduced their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus reduced their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Activity

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock worth $6,379,187 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Trading Down 2.9 %

NASDAQ:SPSC opened at $148.50 on Friday. SPS Commerce, Inc. has a 12 month low of $147.27 and a 12 month high of $218.61. The stock has a 50 day moving average of $186.73 and a two-hundred day moving average of $189.28. The firm has a market cap of $5.58 billion, a P/E ratio of 71.05 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. On average, research analysts forecast that SPS Commerce, Inc. will post 2.38 earnings per share for the current 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.