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

Fort Washington Investment Advisors Inc. OH raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,473 shares of the software maker’s stock after purchasing an additional 12,400 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.29% of SPS Commerce worth $20,142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in SPS Commerce by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after purchasing an additional 12,552 shares during the last quarter. XTX Topco Ltd increased its stake in shares of SPS Commerce by 4.9% in the second quarter. XTX Topco Ltd now owns 1,744 shares of the software maker’s stock valued at $328,000 after buying an additional 82 shares during the period. Intech Investment Management LLC bought a new position in shares of SPS Commerce during the second quarter worth about $568,000. Canada Pension Plan Investment Board bought a new position in shares of SPS Commerce during the second quarter worth about $132,000. Finally, Sei Investments Co. lifted its stake in shares of SPS Commerce by 4.4% in the second quarter. Sei Investments Co. now owns 120,368 shares of the software maker’s stock worth $22,649,000 after acquiring an additional 5,045 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPSC. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research 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 report on Wednesday, January 15th. Robert W. Baird increased their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler began coverage on SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

SPS Commerce Trading Down 0.7 %

Shares of SPSC stock opened at $194.03 on Thursday. The firm has a fifty day simple moving average of $188.54 and a two-hundred day simple moving average of $191.38. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74. The firm has a market capitalization of $7.29 billion, a PE ratio of 92.84 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction dated 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 directly owns 23,833 shares of the company’s stock, valued at $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. Corporate 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.