Fenimore Asset Management Inc Has $16.45 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Fenimore Asset Management Inc raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,915 shares of the software maker's stock after purchasing an additional 38,463 shares during the period. Fenimore Asset Management Inc owned approximately 0.33% of SPS Commerce worth $16,447,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in SPS Commerce by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after purchasing an additional 16,272 shares in the last quarter. Mutual of America Capital Management LLC raised its position in SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock valued at $1,047,000 after purchasing an additional 110 shares in the last quarter. Van ECK Associates Corp raised its position in SPS Commerce by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker's stock valued at $5,505,000 after purchasing an additional 7,871 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in SPS Commerce during the fourth quarter valued at approximately $628,000. Finally, Vanguard Group Inc. raised its position in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock valued at $852,032,000 after purchasing an additional 67,687 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Stock Up 0.1%

NASDAQ:SPSC opened at $142.35 on Monday. The business's 50-day moving average price is $138.94 and its two-hundred day moving average price is $157.98. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The stock has a market cap of $5.41 billion, a P/E ratio of 69.78 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The business had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. SPS Commerce's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. On average, equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target for the company. Northland Securities reiterated a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Finally, DA Davidson decreased their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce 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.

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