Public Employees Retirement System of Ohio Acquires 2,714 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Public Employees Retirement System of Ohio raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,774 shares of the software maker's stock after acquiring an additional 2,714 shares during the quarter. Public Employees Retirement System of Ohio's holdings in SPS Commerce were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SPSC. Palisades Investment Partners LLC increased its holdings in shares of SPS Commerce by 9.4% in the fourth quarter. Palisades Investment Partners LLC now owns 49,548 shares of the software maker's stock worth $9,116,000 after purchasing an additional 4,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of SPS Commerce by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,493 shares of the software maker's stock worth $21,618,000 after purchasing an additional 15,194 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of SPS Commerce by 18.2% in the fourth quarter. Voloridge Investment Management LLC now owns 72,313 shares of the software maker's stock worth $13,305,000 after purchasing an additional 11,138 shares during the period. Sovereign s Capital Management LLC bought a new position in shares of SPS Commerce in the fourth quarter worth $481,000. Finally, Select Equity Group L.P. increased its holdings in shares of SPS Commerce by 7.0% in the fourth quarter. Select Equity Group L.P. now owns 7,850 shares of the software maker's stock worth $1,444,000 after purchasing an additional 511 shares during the period. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Up 2.0%

Shares of SPS Commerce stock traded up $2.88 during trading on Wednesday, reaching $145.01. 406,819 shares of the stock were exchanged, compared to its average volume of 247,953. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The stock's fifty day moving average is $138.59 and its 200 day moving average is $158.80. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 71.08 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS 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 business had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. During the same period last year, the business posted $0.86 earnings per share. SPS Commerce's quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPSC shares. Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Finally, DA Davidson cut their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, SPS Commerce currently has an average rating of "Moderate Buy" and a consensus target price 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.