Fiduciary Alliance LLC Has $982,000 Holdings in Shopify Inc. (NYSE:SHOP)

Fiduciary Alliance LLC grew its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,250 shares of the software maker’s stock after purchasing an additional 1,519 shares during the period. Fiduciary Alliance LLC’s holdings in Shopify were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Shopify in the 4th quarter valued at about $451,000. Integrated Advisors Network LLC grew its position in Shopify by 26.7% during the fourth quarter. Integrated Advisors Network LLC now owns 9,755 shares of the software maker’s stock worth $760,000 after buying an additional 2,055 shares in the last quarter. Syon Capital LLC increased its stake in Shopify by 57.0% during the 4th quarter. Syon Capital LLC now owns 9,119 shares of the software maker’s stock worth $710,000 after acquiring an additional 3,311 shares during the period. Fisher Asset Management LLC raised its holdings in Shopify by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 589,163 shares of the software maker’s stock valued at $45,896,000 after acquiring an additional 1,618 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in Shopify in the 4th quarter valued at $432,000. Institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SHOP shares. Piper Sandler restated a “neutral” rating and issued a $67.00 price target on shares of Shopify in a research report on Thursday, August 29th. Evercore boosted their target price on shares of Shopify from $75.00 to $80.00 in a research report on Thursday, August 8th. KeyCorp initiated coverage on shares of Shopify in a research report on Thursday, July 25th. They set an “overweight” rating and a $80.00 price target on the stock. Bank of America upgraded shares of Shopify from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $82.00 in a research report on Tuesday, July 16th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price (up previously from $68.00) on shares of Shopify in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.97.

Shopify Trading Up 0.3 %

SHOP traded up $0.25 during trading on Monday, hitting $83.49. The company’s stock had a trading volume of 1,234,167 shares, compared to its average volume of 9,370,947. The firm has a market capitalization of $107.59 billion, a P/E ratio of 84.94, a PEG ratio of 2.77 and a beta of 2.36. Shopify Inc. has a twelve month low of $45.50 and a twelve month high of $91.57. The stock’s fifty day moving average price is $74.19 and its 200-day moving average price is $68.64. The company has a quick ratio of 7.32, a current ratio of 7.32 and a debt-to-equity ratio of 0.10.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Wednesday, August 7th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. Shopify’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. Analysts anticipate that Shopify Inc. will post 0.76 EPS for the current year.

Shopify Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.