TD Asset Management Inc trimmed its holdings in Lightspeed Commerce Inc. (NYSE:LSPD – Free Report) by 15.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 370,245 shares of the company’s stock after selling 68,842 shares during the period. TD Asset Management Inc owned 0.24% of Lightspeed Commerce worth $6,270,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Swiss National Bank boosted its stake in Lightspeed Commerce by 1.8% in the 2nd quarter. Swiss National Bank now owns 299,900 shares of the company’s stock worth $5,079,000 after buying an additional 5,200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Lightspeed Commerce by 15.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,440 shares of the company’s stock worth $143,000 after buying an additional 1,111 shares during the last quarter. Barclays PLC boosted its stake in Lightspeed Commerce by 377.9% in the 2nd quarter. Barclays PLC now owns 30,913 shares of the company’s stock worth $523,000 after buying an additional 24,444 shares during the last quarter. Scotia Capital Inc. boosted its stake in Lightspeed Commerce by 6.1% in the 2nd quarter. Scotia Capital Inc. now owns 37,792 shares of the company’s stock worth $638,000 after buying an additional 2,159 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Lightspeed Commerce in the 2nd quarter worth about $314,000. 51.98% of the stock is owned by institutional investors and hedge funds.
Lightspeed Commerce Price Performance
LSPD stock opened at $16.64 on Tuesday. The company has a quick ratio of 6.29, a current ratio of 6.41 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 52-week low of $12.23 and a 52-week high of $20.12. The stock’s 50 day moving average is $14.41 and its two-hundred day moving average is $15.30. The company has a market capitalization of $2.54 billion, a PE ratio of -2.57 and a beta of 2.37.
Analyst Ratings Changes
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.
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