Aigen Investment Management LP Reduces Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Aigen Investment Management LP cut its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 45.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,320 shares of the software maker’s stock after selling 1,121 shares during the quarter. Aigen Investment Management LP’s holdings in SPS Commerce were worth $256,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPSC. Public Employees Retirement Association of Colorado boosted its stake in SPS Commerce by 2,099.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock worth $18,211,000 after purchasing an additional 92,381 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of SPS Commerce by 662.8% during the second quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock worth $17,065,000 after buying an additional 78,805 shares during the period. F M Investments LLC purchased a new stake in shares of SPS Commerce during the second quarter valued at $13,869,000. Hantz Financial Services Inc. acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $12,876,000. Finally, Vanguard Group Inc. raised its stake in SPS Commerce by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

SPSC has been the topic of several research analyst reports. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Stifel Nicolaus increased their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird lifted their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. DA Davidson increased their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Craig Hallum boosted their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five investment 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 an average rating of “Moderate Buy” and a consensus target price of $223.63.

SPS Commerce Stock Down 1.8 %

Shares of SPS Commerce stock opened at $176.59 on Friday. The firm has a market cap of $6.63 billion, a PE ratio of 84.49 and a beta of 0.84. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The business has a 50-day moving average price of $187.26 and a 200 day moving average price of $191.22.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.39 EPS for the current year.

SPS Commerce 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.