SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 20.7% during the 4th quarter, Holdings Channel reports. The fund owned 63,292 shares of the software maker’s stock after acquiring an additional 10,858 shares during the quarter. Russell Investments Group Ltd.’s holdings in SPS Commerce were worth $12,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SPSC. Vanguard Group Inc. increased its holdings in shares of SPS Commerce by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after purchasing an additional 33,874 shares during the period. Raymond James & Associates increased its stake in SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after buying an additional 5,456 shares during the period. Northern Trust Corp raised its position in shares of SPS Commerce by 1.0% during the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after buying an additional 4,764 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in shares of SPS Commerce by 102.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock worth $5,776,000 after acquiring an additional 15,110 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of SPS Commerce by 28.4% during the third quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock valued at $33,316,000 after acquiring an additional 43,191 shares during the period. Institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPSC. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of SPS Commerce in a research note on Friday, April 26th. Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target on the stock. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Robert W. Baird increased their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.57.

SPS Commerce Price Performance

SPS Commerce stock opened at $182.41 on Friday. SPS Commerce, Inc. has a fifty-two week low of $147.90 and a fifty-two week high of $218.74. The firm’s 50 day simple moving average is $178.39 and its 200-day simple moving average is $179.49. The company has a market cap of $6.75 billion, a P/E ratio of 99.68 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. On average, analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the transaction, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other SPS Commerce news, COO James J. Frome sold 2,825 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $187.47, for a total value of $529,602.75. Following the transaction, the chief operating officer now directly owns 56,930 shares of the company’s stock, valued at approximately $10,672,667.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sven Wehrwein sold 2,408 shares of SPS Commerce stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the sale, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is currently owned by company insiders.

About SPS Commerce

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.