New York State Common Retirement Fund Has $4.11 Million Stock Holdings in SPS Commerce, Inc. $SPSC

New York State Common Retirement Fund decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 66.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,417 shares of the software maker’s stock after selling 76,944 shares during the period. New York State Common Retirement Fund owned 0.10% of SPS Commerce worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPSC. Bank of Montreal Can boosted its stake in shares of SPS Commerce by 95.6% during the 2nd quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock worth $3,321,000 after acquiring an additional 11,927 shares during the period. Fenimore Asset Management Inc boosted its position in SPS Commerce by 17.8% during the third quarter. Fenimore Asset Management Inc now owns 145,888 shares of the software maker’s stock worth $15,193,000 after purchasing an additional 22,036 shares during the period. Buckhead Capital Management LLC boosted its position in SPS Commerce by 284.7% during the third quarter. Buckhead Capital Management LLC now owns 35,945 shares of the software maker’s stock worth $3,743,000 after purchasing an additional 26,602 shares during the period. Caxton Associates LLP acquired a new position in shares of SPS Commerce in the second quarter valued at $2,007,000. Finally, Quantbot Technologies LP lifted its stake in shares of SPS Commerce by 125.7% during the 2nd quarter. Quantbot Technologies LP now owns 26,154 shares of the software maker’s stock worth $3,559,000 after buying an additional 14,567 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPSC. Citigroup decreased their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Robert W. Baird set a $104.00 target price on SPS Commerce in a research report on Friday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $80.00 price target (down from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. Finally, Northland Securities set a $109.00 price objective on SPS Commerce in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $106.80.

SPS Commerce Price Performance

SPS Commerce stock opened at $79.53 on Friday. The firm has a market cap of $3.00 billion, a PE ratio of 35.66 and a beta of 0.56. The stock’s fifty day moving average price is $88.71 and its two-hundred day moving average price is $99.37. SPS Commerce, Inc. has a one year low of $73.05 and a one year high of $181.73.

Insider Buying and Selling

In related news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.