Renaissance Technologies LLC Reduces Stake in SPS Commerce, by 33,800 Shares

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Renaissance Technologies LLC recently disposed of 33,800 shares of SPS ($NASDAQ:SPSC) Commerce, Inc., a provider of cloud-based supply chain software solutions. SPS Commerce, Inc. is a leading provider of cloud-based supply chain management solutions that are designed to simplify the complex ecommerce landscape. The company’s solutions enable businesses to manage and optimize their supply chain processes in real time, from product sourcing and procurement to fulfillment, returns, and more. Furthermore, by utilizing SPS Commerce’s vast network of suppliers and retailers, companies are able to quickly and accurately identify where products are located within their supply chains.

This helps them make better decisions regarding product availability, pricing, and inventory optimization. This indicates that the company is looking to free up some capital and reinvest it in other stock options that offer more potential returns.

Share Price

The stock opened at $181.4 and closed at $183.4, representing an increase of 0.7% from the prior closing price of 182.1. This bump was partially due to a notable decrease in ownership from Renaissance Technologies LLC, who sold 33,800 shares of the company’s stock. It is unclear why Renaissance Technologies LLC decided to reduce their stake. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sps Commerce. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sps Commerce. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sps Commerce. More…

Key Ratios Snapshot

Some of the financial key ratios for Sps Commerce are shown below. More…

Analysis

At GoodWhale, we have conducted a comprehensive analysis of SPS COMMERCE‘s financials. According to our Star Chart, SPS COMMERCE is strong in asset, growth and profitability, but weak in dividend. Based on these metrics, we have identified SPS COMMERCE as a ‘gorilla’ company, which has achieved stable and high revenue or earning growth due to its strong competitive advantage. For investors who are interested in this company, this is an exciting opportunity. SPS COMMERCE has a high health score of 10/10 with regard to its cashflows and debt, which indicates that it is capable to sustain future operations in times of crisis. Therefore, it could provide long-term value for investors who are looking for stable and profitable investments. More…

Peers

The company offers a suite of solutions that enable businesses to automate and optimize their supply chain operations. Its competitors include Equal Trading Inc, TradeGo FinTech Ltd, and Oidon Co Ltd.

– Equal Trading Inc ($OTCPK:EQTD)

SalaryGo is a leading financial technology company that provides innovative solutions to businesses and individuals worldwide. The company has a market capitalization of 534M as of 2022 and a return on equity of 14.25%. SalaryGo’s products and services include online banking, mobile banking, personal finance management, and investment management. The company also offers a range of other financial services, such as credit cards, loans, and insurance.

Summary

Investors in SPS Commerce, Inc. should take note of the recent sale of 33,800 shares by Renaissance Technologies LLC. This sale indicates a potential shift in sentiment as Renaissance Technologies LLC is one of the largest shareholders in SPS Commerce. An analysis of the stock fundamentals reveals that the company has high revenue growth, operating margins, and return on equity.

Additionally, SPS Commerce has consistently improved their net income over the years, while its debt to equity ratio is low. Analysts have an average recommendation of strong buy for the stock. Despite the recent sale, investors should consider SPS Commerce as a long-term investment opportunity.