Lbp Am Sa Buys Shares of 10,034 SPS Commerce, Inc. (NASDAQ:SPSC)

LBP AM SA acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,034 shares of the software maker's stock, valued at approximately $1,846,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPSC. Entropy Technologies LP boosted its position in SPS Commerce by 71.7% in the third quarter. Entropy Technologies LP now owns 1,916 shares of the software maker's stock worth $372,000 after purchasing an additional 800 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of SPS Commerce by 33.4% in the third quarter. Victory Capital Management Inc. now owns 16,424 shares of the software maker's stock valued at $3,189,000 after acquiring an additional 4,115 shares during the period. KBC Group NV boosted its position in shares of SPS Commerce by 14.6% in the third quarter. KBC Group NV now owns 1,076 shares of the software maker's stock valued at $209,000 after acquiring an additional 137 shares during the period. Huntington National Bank grew its position in SPS Commerce by 63.0% during the third quarter. Huntington National Bank now owns 445 shares of the software maker's stock worth $86,000 after buying an additional 172 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of SPS Commerce during the 3rd quarter valued at about $210,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus dropped their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reduced their target price on SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $207.11.

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SPS Commerce Price Performance

SPSC stock traded down $0.38 during midday trading on Thursday, hitting $128.28. The stock had a trading volume of 388,108 shares, compared to its average volume of 208,636. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 62.88 and a beta of 0.92. The business has a 50-day moving average of $160.42 and a two-hundred day moving average of $178.54. SPS Commerce, Inc. has a 52-week low of $122.58 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results 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 12.27% and a net margin of 12.08%. Research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Chadwick Collins sold 2,840 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is currently owned by corporate insiders.

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.