State of New Jersey Common Pension Fund D Decreases Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

State of New Jersey Common Pension Fund D decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,381 shares of the software maker’s stock after selling 6,405 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SPS Commerce were worth $2,518,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPSC. SG Americas Securities LLC lifted its stake in SPS Commerce by 79.0% in the 2nd quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after buying an additional 3,662 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in SPS Commerce by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock valued at $95,527,000 after buying an additional 7,179 shares in the last quarter. Axiom Investors LLC DE lifted its stake in SPS Commerce by 183.0% in the 4th quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock valued at $25,307,000 after buying an additional 84,420 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in SPS Commerce by 11.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after buying an additional 3,340 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in SPS Commerce by 60.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 68,135 shares of the software maker’s stock valued at $12,598,000 after buying an additional 25,636 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 0.3 %

SPSC stock opened at $192.81 on Thursday. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 105.36 and a beta of 0.82. The business has a fifty day simple moving average of $197.76 and a 200-day simple moving average of $188.56. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, analysts expect that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPSC. Robert W. Baird upped their target price on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Craig Hallum boosted their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their price target on SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.25.

Insider Transactions at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now directly owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock worth $1,551,735 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.