UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,493 shares of the software maker's stock after buying an additional 15,194 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of SPS Commerce worth $21,618,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPSC. Barclays PLC boosted its position in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares during the period. Blue Trust Inc. boosted its position in shares of SPS Commerce by 109.9% in the fourth quarter. Blue Trust Inc. now owns 359 shares of the software maker's stock worth $70,000 after purchasing an additional 188 shares during the period. KBC Group NV boosted its position in shares of SPS Commerce by 41.9% in the fourth quarter. KBC Group NV now owns 1,527 shares of the software maker's stock worth $281,000 after purchasing an additional 451 shares during the period. R Squared Ltd bought a new position in shares of SPS Commerce in the fourth quarter worth approximately $57,000. Finally, Alliance Wealth Advisors LLC UT boosted its position in shares of SPS Commerce by 3.1% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,179 shares of the software maker's stock worth $1,689,000 after purchasing an additional 275 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPSC shares. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Piper Sandler dropped 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. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. DA Davidson dropped 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. Finally, Northland Securities restated a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $195.38.

SPS Commerce Stock Down 0.8%

SPS Commerce stock traded down $1.18 during mid-day trading on Friday, reaching $140.55. 448,276 shares of the company's stock traded hands, compared to its average volume of 246,380. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 68.90 and a beta of 0.81. The stock has a 50 day moving average of $138.18 and a two-hundred day moving average of $159.28. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

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