Natixis Advisors LLC Has $5.90 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Key Points

• Natixis Advisors LLC reduced its stake in SPS Commerce by 16.2%, now holding approximately 44,485 shares valued at $5.9 million.
• Analyst ratings show mixed sentiment, with five analysts rating the stock as a hold and six as buy, while recent price targets have been adjusted downward.
• SPS Commerce reported a 22.0% year-over-year increase in revenue, achieving earnings of $1.00 per share, exceeding analysts' expectations.

Natixis Advisors LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 16.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,485 shares of the software maker's stock after selling 8,599 shares during the period. Natixis Advisors LLC owned 0.12% of SPS Commerce worth $5,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of SPSC. Bank of New York Mellon Corp lifted its stake in shares of SPS Commerce by 11.8% during the first quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker's stock valued at $43,991,000 after buying an additional 34,859 shares during the period. KBC Group NV lifted its holdings in shares of SPS Commerce by 8.1% during the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker's stock valued at $219,000 after acquiring an additional 124 shares in the last quarter. SG Americas Securities LLC purchased a new stake in SPS Commerce during the 1st quarter worth $1,045,000. First Trust Advisors LP increased its holdings in SPS Commerce by 202.0% in the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock valued at $1,046,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of SPS Commerce by 4.2% during the fourth quarter. Barclays PLC now owns 69,192 shares of the software maker's stock worth $12,730,000 after purchasing an additional 2,805 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPSC has been the topic of several analyst reports. DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Needham & Company LLC cut their target price on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Morgan Stanley dropped their target price on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Down 1.3%

NASDAQ:SPSC traded down $1.46 during trading hours on Thursday, reaching $108.94. 577,865 shares of the company's stock were exchanged, compared to its average volume of 346,537. The company has a market capitalization of $4.13 billion, a P/E ratio of 49.97 and a beta of 0.71. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $204.20. The business's 50-day simple moving average is $134.61 and its two-hundred day simple moving average is $141.44.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The company had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

About SPS Commerce

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.