Janus Henderson Group PLC Increases Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Janus Henderson Group PLC grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 72.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,361 shares of the software maker's stock after purchasing an additional 32,594 shares during the period. Janus Henderson Group PLC owned approximately 0.21% of SPS Commerce worth $14,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in SPS Commerce by 1.5% in the 4th 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. FMR LLC grew its holdings in SPS Commerce by 109.7% in the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after purchasing an additional 742,686 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after purchasing an additional 191,740 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock valued at $107,045,000 after buying an additional 138,014 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of SPS Commerce by 11.3% during the 4th quarter. Northern Trust Corp now owns 510,041 shares of the software maker's stock worth $93,842,000 after buying an additional 51,839 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Finally, Stifel Nicolaus reduced their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.38.

SPS Commerce Stock Up 0.8%

Shares of NASDAQ:SPSC traded up $1.22 during trading on Thursday, reaching $145.27. The stock had a trading volume of 42,159 shares, compared to its average volume of 242,516. The stock has a market cap of $5.52 billion, a P/E ratio of 71.21 and a beta of 0.81. The business has a fifty day moving average price of $136.43 and a 200-day moving average price of $161.43. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results 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 firm had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same period in the previous year, the company earned $0.86 EPS. SPS Commerce's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.