SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Raised by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 102.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,799 shares of the software maker’s stock after purchasing an additional 15,110 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.08% of SPS Commerce worth $5,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in SPS Commerce by 33.3% in the 1st quarter. JPMorgan Chase & Co. now owns 84,491 shares of the software maker’s stock worth $11,085,000 after acquiring an additional 21,119 shares in the last quarter. HighTower Advisors LLC lifted its position in SPS Commerce by 62.9% in the 1st quarter. HighTower Advisors LLC now owns 4,319 shares of the software maker’s stock worth $572,000 after buying an additional 1,668 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of SPS Commerce by 5.7% during the 1st quarter. Bank of Montreal Can now owns 14,234 shares of the software maker’s stock valued at $1,916,000 after acquiring an additional 772 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of SPS Commerce by 55.3% during the first quarter. MetLife Investment Management LLC now owns 19,385 shares of the software maker’s stock worth $2,543,000 after acquiring an additional 6,904 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in 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 purchasing an additional 6,294 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a report on Friday, February 9th. Finally, Citigroup started coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.67.

SPS Commerce Stock Performance

Shares of SPSC opened at $165.49 on Friday. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74. The firm has a market capitalization of $6.14 billion, a P/E ratio of 94.03 and a beta of 0.79. The company has a 50-day simple moving average of $181.40 and a 200-day simple moving average of $178.98.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.13 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, COO James J. Frome sold 2,901 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total transaction of $531,811.32. Following the transaction, the chief operating officer now owns 54,029 shares of the company’s stock, valued at approximately $9,904,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO James J. Frome sold 2,901 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the sale, the chief operating officer now owns 54,029 shares of the company’s stock, valued at $9,904,596.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the transaction, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The disclosure for this sale can be found here. Insiders have sold a total of 66,688 shares of company stock worth $12,122,275 over the last 90 days. Insiders own 1.00% of the company’s stock.

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.