Axa S.A. Has $4.70 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

AXA S.A. lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,519 shares of the software maker's stock after selling 2,571 shares during the quarter. AXA S.A. owned about 0.07% of SPS Commerce worth $4,695,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Barclays PLC raised its stake in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after acquiring an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC grew its position in SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock valued at $1,047,000 after acquiring an additional 110 shares during the period. Franklin Resources Inc. grew its position in SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after acquiring an additional 210,284 shares during the period. Finally, Van ECK Associates Corp increased its stake in SPS Commerce by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker's stock worth $5,505,000 after acquiring an additional 7,871 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Northland Securities reissued a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, DA Davidson lowered their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.11.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded down $1.09 during trading on Friday, reaching $144.04. 181,498 shares of the company's stock traded hands, compared to its average volume of 241,244. The stock has a market capitalization of $5.47 billion, a P/E ratio of 70.61 and a beta of 0.81. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The company has a 50 day moving average of $133.03 and a 200-day moving average of $162.62.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business's revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. Equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the sale, the chief financial officer now directly owns 2,442,968 shares of the company's stock, valued at approximately $361,974,568.56. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,465 shares of company stock valued at $1,401,898. 0.98% of the stock is currently owned by company insiders.

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.