Laurus Global Equity Management Inc. Has $1.62 Million Position in SPS Commerce, Inc. $SPSC

Laurus Global Equity Management Inc. boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 111.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,510 shares of the software maker’s stock after acquiring an additional 8,170 shares during the period. SPS Commerce accounts for 1.1% of Laurus Global Equity Management Inc.’s holdings, making the stock its 22nd biggest position. Laurus Global Equity Management Inc.’s holdings in SPS Commerce were worth $1,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hardy Reed LLC lifted its stake in shares of SPS Commerce by 2.8% during the 2nd quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock worth $374,000 after buying an additional 75 shares during the last quarter. New York State Teachers Retirement System lifted its position in SPS Commerce by 0.8% during the second quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock worth $1,746,000 after acquiring an additional 100 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in SPS Commerce by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 11,161 shares of the software maker’s stock worth $1,519,000 after acquiring an additional 103 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of SPS Commerce by 6.4% during the second quarter. Profund Advisors LLC now owns 1,892 shares of the software maker’s stock worth $257,000 after purchasing an additional 114 shares during the period. 98.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SPSC shares. Morgan Stanley set a $100.00 price objective on SPS Commerce and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Robert W. Baird set a $104.00 price target on shares of SPS Commerce in a research note on Friday, October 31st. Citigroup dropped their price objective on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Northland Securities set a $109.00 target price on shares of SPS Commerce in a research report on Friday, October 31st. Finally, DA Davidson dropped their price target on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.80.

SPS Commerce Stock Down 2.0%

SPSC stock opened at $90.18 on Thursday. The company’s 50-day moving average price is $88.36 and its two-hundred day moving average price is $101.81. The firm has a market cap of $3.40 billion, a P/E ratio of 40.44 and a beta of 0.58. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $194.24.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. Equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insiders Place Their Bets

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the sale, the director owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. This trade represents a 15.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.98% of the stock is owned by insiders.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.