Louisiana State Employees Retirement System Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Louisiana State Employees Retirement System purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,400 shares of the software maker's stock, valued at approximately $3,567,000. Louisiana State Employees Retirement System owned about 0.05% of SPS Commerce as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SPSC. International Assets Investment Management LLC acquired a new position in shares of SPS Commerce in the 3rd quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce during the 4th quarter valued at $26,000. NBC Securities Inc. acquired a new position in shares of SPS Commerce during the 3rd quarter valued at $35,000. RiverPark Advisors LLC acquired a new position in shares of SPS Commerce during the 3rd quarter valued at $42,000. Finally, CVA Family Office LLC acquired a new position in shares of SPS Commerce during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Down 2.2 %

Shares of SPSC traded down $3.72 during midday trading on Monday, hitting $165.93. The company had a trading volume of 168,372 shares, compared to its average volume of 169,739. The company's 50 day moving average price is $183.47 and its 200 day moving average price is $179.29. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 94.28 and a beta of 0.79. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. Equities analysts anticipate that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They set a "buy" rating and a $216.00 target price on the stock. Needham & Company LLC restated a "buy" rating and set a $205.00 target price on shares of SPS Commerce in a report on Friday, February 9th. Finally, StockNews.com downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $199.67.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the transaction, the chief financial officer now directly owns 147,553 shares of the company's stock, valued at approximately $27,027,283.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares of the company's stock, valued at approximately $3,102,631.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 5,965 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the transaction, the chief financial officer now directly owns 147,553 shares of the company's stock, valued at $27,027,283.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock valued at $12,122,275. Insiders own 1.00% of the company's stock.

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.