Loomis Sayles & Co. L P Increases Investment in SPS Commerce, Inc.

Loomis Sayles & Co. L P has increased its investment in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.9% during the fourth quarter, as revealed in their latest filing with the SEC. After purchasing an additional 8,743 shares, Loomis Sayles & Co. now holds a total of 96,956 shares of the software company's stock. This represents approximately 0.26% of SPS Commerce, which is valued at around $17,839,000 as of the end of the most recent quarter.

Investor Activity

Additionally, several other institutional investors and hedge funds have also made adjustments to their holdings in SPS Commerce. For instance, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in SPS Commerce during the third quarter, which is worth approximately $210,000. Advisors Asset Management Inc. has considerably increased its holdings by 129.9% in the same quarter, now owning 177 shares worth $34,000 after adding 100 shares. Furthermore, Citigroup Inc. raised its stake by 56.3%, now holding 54,451 shares valued at $10,573,000 following its acquisition of 19,618 additional shares. Cerity Partners LLC has also expanded its holdings by 67.2%, now possessing 3,786 shares worth $735,000. Finally, FMR LLC increased its position by 18.3%, holding 677,145 shares valued at approximately $131,481,000. Overall, institutional investors own 98.96% of SPS Commerce’s stock.

Market Insights and Analyst Ratings

Recently, several brokerages have provided updated ratings and price targets for SPS Commerce stock. Piper Sandler amended its price objective for the stock, reducing it from $198.00 to $175.00 while maintaining a "neutral" rating. Stifel Nicolaus also lowered its target from $225.00 to $200.00, giving a "buy" rating. Needham & Company LLC reiterated a "buy" rating with a price objective of $210.00, while Northland Securities set a target of $181.00, adjusting it down from $209.00. Robert W. Baird similarly decreased their target for SPS Commerce from $188.00 to $175.00 and maintained a "neutral" stance. Current data reveals that five analysts recommend holding the stock, while six analysts suggest buying it. MarketBeat indicates that SPS Commerce holds a consensus rating of "Moderate Buy" with a price target of $207.11.

Performance and Earnings Report

As of Friday, SPS Commerce stock opened at $133.50. The stock has seen a one-year low of $122.58 and a high of $218.61. The stock's fifty-day moving average is $152.14, while its 200-day moving average stands at $175.51. SPS Commerce has a market capitalization of $5.04 billion, a PE ratio of 65.44, and a beta of 0.92. The company has reported its quarterly earnings, indicating an EPS of $0.66 for the quarter, which fell short of the consensus estimate of $0.87 by $0.21. SPS Commerce’s net margin is 12.08%, with a return on equity of 12.27%. Analysts currently predict an EPS of 2.73 for the ongoing fiscal year.

Insider Transactions

Recently, there have been notable insider transactions at SPS Commerce. EVP Dan Juckniess sold 2,591 shares of the company's stock on February 19th, at an average price of $148.02, totaling approximately $383,519.82. Following this transaction, he retains ownership of 1,367,584 shares valued at around $202,429,783.68, reflecting a 0.19% decrease in his position. Furthermore, CFO Kimberly K. Nelson sold 9,290 shares on January 30th for an average price of $184.68, amounting to $1,715,677.20, which decreased her stock ownership by 5.61%. Over the last 90 days, insiders have sold a total of 37,864 shares worth $6,613,078, and currently, 1.00% of the stock is owned by insiders.

About SPS Commerce

SPS Commerce, Inc. specializes in providing cloud-based supply chain management solutions both in the U.S. and internationally. The company's services enhance how retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders while optimizing their sell-through performance and automating new trading relationships.

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