Strs Ohio grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,800 shares of the software maker’s stock after buying an additional 200 shares during the period. Strs Ohio owned approximately 0.05% of SPS Commerce worth $1,001,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in SPS Commerce during the fourth quarter worth about $55,000. Meeder Asset Management Inc. grew its stake in SPS Commerce by 378.9% during the first quarter. Meeder Asset Management Inc. now owns 704 shares of the software maker’s stock worth $75,000 after buying an additional 557 shares during the last quarter. Pearl River Capital LLC bought a new stake in SPS Commerce during the first quarter worth about $78,000. Penserra Capital Management LLC bought a new stake in SPS Commerce during the first quarter worth about $90,000. Finally, Quantamental Technologies LLC grew its stake in SPS Commerce by 348.3% during the first quarter. Quantamental Technologies LLC now owns 1,793 shares of the software maker’s stock worth $190,000 after buying an additional 1,393 shares during the last quarter. 99.41% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SPSC opened at $106.62 on Wednesday. The firm has a 50 day simple moving average of $105.26. SPS Commerce, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $118.28. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 87.39, a P/E/G ratio of 4.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.67 and a quick ratio of 4.67.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.20. SPS Commerce had a net margin of 11.69% and a return on equity of 9.10%. The business had revenue of $68.53 million for the quarter, compared to analyst estimates of $68.13 million. During the same period in the prior year, the business posted $0.49 earnings per share. SPS Commerce’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that SPS Commerce, Inc. will post 1.74 earnings per share for the current fiscal year.

Several analysts have weighed in on the stock. Canaccord Genuity upped their price objective on shares of SPS Commerce from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BidaskClub cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. First Analysis raised shares of SPS Commerce from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. JMP Securities increased their price target on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 price target (up from $110.00) on shares of SPS Commerce in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $116.30.

In related news, CEO Archie C. Black sold 2,365 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $109.27, for a total value of $258,423.55. Following the transaction, the chief executive officer now directly owns 76,079 shares in the company, valued at $8,313,152.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Archie C. Black sold 2,635 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $109.00, for a total transaction of $287,215.00. Following the completion of the transaction, the chief executive officer now owns 73,344 shares in the company, valued at $7,994,496. The disclosure for this sale can be found here. Insiders sold 55,653 shares of company stock worth $6,235,321 over the last 90 days. 3.34% of the stock is currently owned by company insiders.

About SPS Commerce

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

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

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