Artisan Partners Limited Partnership Has $111.23 Million Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Artisan Partners Limited Partnership lifted its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,297,686 shares of the company’s stock after acquiring an additional 627,796 shares during the quarter. Artisan Partners Limited Partnership owned approximately 3.47% of Lightspeed Commerce worth $111,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund raised its position in Lightspeed Commerce by 13.9% in the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after purchasing an additional 2,482 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of Lightspeed Commerce by 44.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company’s stock valued at $365,000 after acquiring an additional 7,920 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Lightspeed Commerce by 209.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company’s stock valued at $2,397,000 after acquiring an additional 115,621 shares during the last quarter. FMR LLC raised its position in shares of Lightspeed Commerce by 0.6% during the 3rd quarter. FMR LLC now owns 1,079,798 shares of the company’s stock valued at $15,151,000 after acquiring an additional 6,518 shares during the last quarter. Finally, Millrace Asset Group Inc. raised its position in shares of Lightspeed Commerce by 72.9% during the 3rd quarter. Millrace Asset Group Inc. now owns 83,222 shares of the company’s stock valued at $1,168,000 after acquiring an additional 35,084 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSPD has been the subject of a number of recent analyst reports. National Bank Financial cut shares of Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price objective on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Barclays lowered their price objective on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. TD Securities upped their price objective on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Scotiabank upped their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Friday, May 17th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and a consensus price target of $18.78.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded up $0.09 during trading hours on Tuesday, hitting $15.24. The company had a trading volume of 254,086 shares, compared to its average volume of 1,351,077. The firm has a market cap of $2.34 billion, a PE ratio of -14.21 and a beta of 2.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. Lightspeed Commerce Inc. has a one year low of $12.23 and a one year high of $21.71. The firm has a 50-day moving average of $13.77 and a 200 day moving average of $15.72.

Lightspeed Commerce Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.