SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Fenimore Asset Management Inc

Fenimore Asset Management Inc increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 45.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,915 shares of the software maker's stock after buying an additional 38,463 shares during the quarter. Fenimore Asset Management Inc owned about 0.33% of SPS Commerce worth $16,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $40,000. Hurley Capital LLC purchased a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $41,000. Blue Trust Inc. lifted its holdings in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after acquiring an additional 84 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on SPSC. Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. DA Davidson reduced their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Finally, Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce Stock Up 1.2%

NASDAQ:SPSC traded up $1.68 on Thursday, reaching $137.89. 613,707 shares of the company's stock were exchanged, compared to its average volume of 253,459. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 67.59 and a beta of 0.73. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The business has a fifty day moving average of $139.47 and a 200-day moving average of $157.41.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The firm had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same period in the prior year, the firm earned $0.86 EPS. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

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.