SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,203 shares of the software maker’s stock after buying an additional 385 shares during the period. Legato Capital Management LLC’s holdings in SPS Commerce were worth $957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPSC. Franklin Resources Inc. lifted its stake in shares of SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after purchasing an additional 210,284 shares during the last quarter. FMR LLC increased its holdings in SPS Commerce by 18.3% during the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares during the period. JPMorgan Chase & Co. increased its holdings in SPS Commerce by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares during the period. Loomis Sayles & Co. L P purchased a new stake in SPS Commerce during the 3rd quarter worth about $17,128,000. Finally, Assenagon Asset Management S.A. increased its holdings in SPS Commerce by 58.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker’s stock worth $34,285,000 after purchasing an additional 69,029 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,570 shares in the company, 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. Over the last 90 days, insiders have sold 34,230 shares of company stock worth $6,379,187. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPSC has been the subject of several analyst reports. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday. Robert W. Baird decreased their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Needham & Company LLC decreased their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $148.50 on Friday. The business’s fifty day moving average price is $186.73 and its two-hundred day moving average price is $189.28. The stock has a market cap of $5.58 billion, a PE ratio of 71.05 and a beta of 0.88. SPS Commerce, Inc. has a one year low of $147.27 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (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%. As a group, equities research analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

SPS Commerce Company 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.