Strs Ohio Has $1.58 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Strs Ohio lessened its position in SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,700 shares of the software maker’s stock after selling 900 shares during the period. Strs Ohio’s holdings in SPS Commerce were worth $1,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPSC. JPMorgan Chase & Co. increased its stake in shares of SPS Commerce by 33.3% in the first quarter. JPMorgan Chase & Co. now owns 84,491 shares of the software maker’s stock valued at $11,085,000 after buying an additional 21,119 shares during the period. HighTower Advisors LLC increased its stake in shares of SPS Commerce by 62.9% in the first quarter. HighTower Advisors LLC now owns 4,319 shares of the software maker’s stock valued at $572,000 after buying an additional 1,668 shares during the period. Bank of Montreal Can increased its stake in shares of SPS Commerce by 5.7% in the first quarter. Bank of Montreal Can now owns 14,234 shares of the software maker’s stock valued at $1,916,000 after buying an additional 772 shares during the period. MetLife Investment Management LLC increased its stake in shares of SPS Commerce by 55.3% in the first quarter. MetLife Investment Management LLC now owns 19,385 shares of the software maker’s stock valued at $2,543,000 after buying an additional 6,904 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of SPS Commerce by 7.5% in the first quarter. Rhumbline Advisers now owns 90,421 shares of the software maker’s stock valued at $11,863,000 after buying an additional 6,294 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Archie C. Black sold 3,845 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total value of $481,278.65. Following the transaction, the chief executive officer now owns 56,272 shares in the company, valued at $7,043,566.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Archie C. Black sold 3,845 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total value of $481,278.65. Following the transaction, the chief executive officer now owns 56,272 shares in the company, valued at $7,043,566.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Archie C. Black sold 9,763 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $135.20, for a total value of $1,319,957.60. Following the completion of the transaction, the chief executive officer now owns 56,272 shares in the company, valued at approximately $7,607,974.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,374 shares of company stock worth $3,691,944. Corporate insiders own 1.30% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $127.15 on Thursday. The business’s 50 day simple moving average is $129.88 and its two-hundred day simple moving average is $124.68. The firm has a market cap of $4.58 billion, a P/E ratio of 90.82 and a beta of 0.76. SPS Commerce, Inc. has a 52-week low of $96.41 and a 52-week high of $146.81.

SPS Commerce (NASDAQ:SPSCGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.14. The business had revenue of $114.49 million for the quarter, compared to analyst estimates of $113.83 million. SPS Commerce had a return on equity of 11.70% and a net margin of 12.04%. On average, equities analysts forecast that SPS Commerce, Inc. will post 1.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on SPS Commerce from $140.00 to $150.00 in a research note on Wednesday, October 5th. Robert W. Baird lowered SPS Commerce from an “outperform” rating to a “neutral” rating and set a $151.00 target price on the stock. in a research report on Wednesday, December 14th. StockNews.com initiated coverage on SPS Commerce in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, TheStreet lowered SPS Commerce from a “b-” rating to a “c” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.67.

SPS Commerce Profile

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

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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