SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,773 shares of the software maker’s stock after acquiring an additional 20,300 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in SPS Commerce were worth $17,225,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of SPS Commerce by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after purchasing an additional 67,687 shares during the last quarter. FMR LLC increased its position in SPS Commerce by 109.7% in the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after buying an additional 742,686 shares during the period. Ameriprise Financial Inc. increased its position in SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock worth $140,882,000 after buying an additional 191,740 shares during the period. Geneva Capital Management LLC lifted its stake in SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after buying an additional 138,014 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of SPS Commerce by 11.3% during the fourth quarter. Northern Trust Corp now owns 510,041 shares of the software maker’s stock valued at $93,842,000 after acquiring an additional 51,839 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Up 1.2%

SPSC stock opened at $137.89 on Friday. The firm’s 50-day moving average is $139.77 and its two-hundred day moving average is $157.02. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 67.59 and a beta of 0.73. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million for the quarter, compared to analysts’ expectations of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of analyst reports. DA Davidson dropped their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 target price for the company. Robert W. Baird lifted their price target on SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.56.

SPS Commerce Profile

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