Point72 Asia Singapore Pte. Ltd. Has $84,000 Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Point72 Asia Singapore Pte. Ltd. cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 62.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 447 shares of the software maker’s stock after selling 733 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in SPS Commerce were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position 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 purchasing an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of SPS Commerce by 2.4% in the second quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock valued at $230,950,000 after acquiring an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of SPS Commerce by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock valued at $155,928,000 after acquiring an additional 12,397 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of SPS Commerce by 2.9% during the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock valued at $110,508,000 after acquiring an additional 17,012 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in SPS Commerce by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after acquiring an additional 12,552 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity

In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the transaction, the director now directly owns 18,852 shares in the company, valued at approximately $3,771,531.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the director now directly owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was 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 $3,771,531.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,675 shares of company stock valued at $1,551,735 in the last ninety days. Insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 2.7 %

Shares of SPSC stock opened at $190.32 on Friday. SPS Commerce, Inc. has a 12-month low of $151.96 and a 12-month high of $218.74. The stock has a market capitalization of $7.05 billion, a P/E ratio of 104.00 and a beta of 0.82. The firm’s 50 day moving average is $194.76 and its 200 day moving average is $189.31.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPSC shares. Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. DA Davidson raised their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Craig Hallum upped their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price objective on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

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.