Loomis Sayles & Co. L P Boosts Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Loomis Sayles & Co. L P raised its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,956 shares of the software maker's stock after purchasing an additional 8,743 shares during the quarter. Loomis Sayles & Co. L P owned about 0.26% of SPS Commerce worth $17,839,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its position in SPS Commerce by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock valued at $237,000 after acquiring an additional 58 shares in the last quarter. Amalgamated Bank lifted its holdings in SPS Commerce by 0.6% during the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after buying an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its stake in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock valued at $1,476,000 after purchasing an additional 91 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPSC. Citigroup lowered their price objective 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. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research note on Wednesday, March 26th. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of "Moderate Buy" and an average price target of $207.11.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $2.16 during midday trading on Wednesday, hitting $136.41. The stock had a trading volume of 55,008 shares, compared to its average volume of 317,406. SPS Commerce, Inc. has a fifty-two week low of $122.58 and a fifty-two week high of $218.61. The company's 50-day simple moving average is $150.97 and its 200 day simple moving average is $174.97. The firm has a market cap of $5.15 billion, a P/E ratio of 66.87 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced 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%. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Activity

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,864 shares of company stock valued at $6,613,078 over the last quarter. 1.00% of the stock is owned by company insiders.

SPS Commerce 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.