Trexquant Investment LP Boosts Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Trexquant Investment LP raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 114.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,979 shares of the software maker’s stock after purchasing an additional 3,190 shares during the quarter. Trexquant Investment LP’s holdings in SPS Commerce were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SPSC. Eaton Vance Management lifted its position in SPS Commerce by 14,809.0% during the first quarter. Eaton Vance Management now owns 126,428 shares of the software maker’s stock valued at $16,588,000 after purchasing an additional 125,580 shares during the last quarter. WCM Investment Management LLC bought a new position in SPS Commerce during the first quarter valued at $13,615,000. Geneva Capital Management LLC lifted its position in SPS Commerce by 24.7% during the second quarter. Geneva Capital Management LLC now owns 304,361 shares of the software maker’s stock valued at $34,408,000 after purchasing an additional 60,227 shares during the last quarter. Invesco Ltd. lifted its position in SPS Commerce by 27.4% during the first quarter. Invesco Ltd. now owns 242,567 shares of the software maker’s stock valued at $31,825,000 after purchasing an additional 52,202 shares during the last quarter. Finally, State Street Corp lifted its position in SPS Commerce by 3.7% during the first quarter. State Street Corp now owns 1,197,420 shares of the software maker’s stock valued at $157,102,000 after purchasing an additional 42,670 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.

SPS Commerce Trading Up 1.2 %

SPS Commerce stock opened at $131.75 on Friday. The firm has a market capitalization of $4.75 billion, a PE ratio of 94.11 and a beta of 0.71. SPS Commerce, Inc. has a 12-month low of $96.41 and a 12-month high of $147.78. The firm has a 50-day moving average price of $125.85 and a 200-day moving average price of $118.47.

Analysts Set New Price Targets

Several equities analysts have commented on SPSC shares. StockNews.com started coverage on shares of SPS Commerce in a research report on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet lowered shares of SPS Commerce from a “b-” rating to a “c” rating in a report on Friday, October 28th. Stifel Nicolaus raised their target price on shares of SPS Commerce from $140.00 to $150.00 in a report on Wednesday, October 5th. Finally, Craig Hallum lowered their target price on shares of SPS Commerce from $210.00 to $160.00 in a report on Thursday, July 28th.

Insider Buying and Selling

In related news, CEO Archie C. Black sold 8,530 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $135.45, for a total value of $1,155,388.50. Following the transaction, the chief executive officer now owns 56,272 shares of the company’s stock, valued at approximately $7,622,042.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Archie C. Black sold 3,845 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $125.17, for a total value of $481,278.65. Following the transaction, the chief executive officer now owns 56,272 shares of the company’s stock, valued at approximately $7,043,566.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Archie C. Black sold 8,530 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $135.45, for a total transaction of $1,155,388.50. Following the transaction, the chief executive officer now directly owns 56,272 shares in the company, valued at approximately $7,622,042.40. The disclosure for this sale can be found here. Insiders have sold 23,138 shares of company stock valued at $3,091,625 in the last 90 days. Company insiders own 1.30% of the company’s stock.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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