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

Aigen Investment Management LP lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 45.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,320 shares of the software maker’s stock after selling 1,121 shares during the period. Aigen Investment Management LP’s holdings in SPS Commerce were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. boosted its position in shares of SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new position in SPS Commerce during the 2nd quarter worth about $30,000. Blue Trust Inc. boosted its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the period. DT Investment Partners LLC acquired a new position in SPS Commerce in the 2nd quarter valued at about $63,000. Finally, Signaturefd LLC increased its stake in SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on SPSC. Stifel Nicolaus raised their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Robert W. Baird increased their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Finally, Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and a consensus price target of $223.63.

Insider Transactions at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

SPS Commerce Stock Down 1.8 %

Shares of SPSC opened at $176.59 on Friday. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 84.49 and a beta of 0.84. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The stock 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 posted its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the firm posted $0.53 EPS. The company’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

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.