SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 114.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,979 shares of the software maker’s stock after buying an additional 3,190 shares during the quarter. Trexquant Investment LP’s holdings in SPS Commerce were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of SPS Commerce by 437.3% in the 1st quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker’s stock valued at $42,000 after purchasing an additional 258 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $62,000. First Horizon Advisors Inc. lifted its stake in shares of SPS Commerce by 10,450.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 844 shares of the software maker’s stock valued at $94,000 after purchasing an additional 836 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of SPS Commerce by 30.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,241 shares of the software maker’s stock valued at $163,000 after purchasing an additional 291 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of SPS Commerce by 12.3% in the 1st quarter. National Bank of Canada FI now owns 1,978 shares of the software maker’s stock valued at $165,000 after purchasing an additional 216 shares during the period. 99.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Archie C. Black sold 3,845 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total value of $481,278.65. Following the completion of the sale, the chief executive officer now owns 56,272 shares of the company’s stock, valued at approximately $7,043,566.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Philip Soran sold 1,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $135.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now owns 17,684 shares of the company’s stock, valued at $2,387,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Archie C. Black sold 3,845 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total transaction of $481,278.65. Following the sale, the chief executive officer now directly owns 56,272 shares of the company’s stock, valued at approximately $7,043,566.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,138 shares of company stock valued at $3,091,625. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of SPS Commerce in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Craig Hallum decreased their target price on shares of SPS Commerce from $210.00 to $160.00 in a research note on Thursday, July 28th. TheStreet cut shares of SPS Commerce from a “b-” rating to a “c” rating in a research note on Friday, October 28th. Finally, Stifel Nicolaus boosted their price target on shares of SPS Commerce from $140.00 to $150.00 in a report on Wednesday, October 5th.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $131.75 on Friday. The firm has a market cap of $4.75 billion, a PE ratio of 94.11 and a beta of 0.71. The firm has a fifty day moving average of $125.85 and a 200 day moving average of $118.47. SPS Commerce, Inc. has a one year low of $96.41 and a one year high of $147.78.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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