Fort Washington Investment Advisors Inc. OH Acquires 20,300 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Fort Washington Investment Advisors Inc. OH grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 18.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,773 shares of the software maker's stock after acquiring an additional 20,300 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.34% of SPS Commerce worth $17,225,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after buying an additional 125 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Hurley Capital LLC acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $41,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after buying an additional 374 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPSC shares. Robert W. Baird lifted their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective for the company. DA Davidson lowered their price objective 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. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Stock Down 0.1%

Shares of NASDAQ SPSC traded down $0.16 during midday trading on Monday, reaching $134.64. 279,599 shares of the company were exchanged, compared to its average volume of 255,038. The stock's 50-day moving average price is $140.29 and its 200-day moving average price is $155.71. The stock has a market cap of $5.11 billion, a P/E ratio of 66.00 and a beta of 0.73. SPS Commerce, Inc. has a one year low of $120.09 and a one year high of $218.61.

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

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.