Loomis Sayles & Co. L P Purchases Shares of 88,213 SPS Commerce, Inc. (NASDAQ:SPSC)

Loomis Sayles & Co. L P acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,213 shares of the software maker's stock, valued at approximately $17,128,000. Loomis Sayles & Co. L P owned about 0.23% of SPS Commerce at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SPSC. Mather Group LLC. grew its stake in SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker's stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPS Commerce in the second quarter valued at $30,000. Blue Trust Inc. grew its position in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Advisors Asset Management Inc. increased 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 worth $34,000 after acquiring an additional 100 shares during the period. Finally, DT Investment Partners LLC bought a new stake in SPS Commerce in the 2nd quarter valued at about $63,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares of the company's stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPSC shares. Piper Sandler began coverage on shares of SPS Commerce in a research note on Monday. They issued a "neutral" rating and a $198.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Robert W. Baird raised their price target on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Stifel Nicolaus upped their price objective on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.78.

SPS Commerce Trading Down 0.4 %

SPSC stock traded down $0.75 on Wednesday, hitting $192.57. 157,390 shares of the company's stock traded hands, compared to its average volume of 186,441. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 92.50 and a beta of 0.84. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74. The stock has a fifty day moving average of $186.67 and a 200-day moving average of $191.26.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm had revenue of $163.69 million for the quarter, compared to analysts' expectations of $160.30 million. During the same quarter last year, the business posted $0.53 EPS. SPS Commerce's revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.39 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.