Fort Washington Investment Advisors Inc. OH Acquires 12,400 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Fort Washington Investment Advisors Inc. OH increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 109,473 shares of the software maker’s stock after buying an additional 12,400 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in SPS Commerce were worth $20,142,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SPSC. Franklin Resources Inc. lifted its position in shares of SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. FMR LLC increased its stake in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of SPS Commerce in the third quarter valued at approximately $17,128,000. Finally, Assenagon Asset Management S.A. boosted its holdings in SPS Commerce by 58.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker’s stock worth $34,285,000 after buying an additional 69,029 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $194.03 on Thursday. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The firm has a market cap of $7.29 billion, a PE ratio of 92.84 and a beta of 0.88. The company has a 50 day simple moving average of $188.54 and a two-hundred day simple moving average of $191.38.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus cut their price target on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research note on Wednesday, January 15th. Robert W. Baird lifted their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.00.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

SPS Commerce Company 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.