Knights of Columbus Asset Advisors LLC Buys 15,110 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Knights of Columbus Asset Advisors LLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 102.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,799 shares of the software maker's stock after acquiring an additional 15,110 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.08% of SPS Commerce worth $5,776,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker's stock valued at $725,186,000 after acquiring an additional 33,874 shares during the last quarter. Raymond James & Associates increased its stake in SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker's stock worth $21,153,000 after purchasing an additional 5,456 shares in the last quarter. Northern Trust Corp increased its stake in SPS Commerce by 1.0% during the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker's stock worth $83,780,000 after purchasing an additional 4,764 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPS Commerce by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker's stock worth $33,316,000 after purchasing an additional 43,191 shares in the last quarter. Finally, Comerica Bank bought a new stake in SPS Commerce during the 3rd quarter worth approximately $23,356,000. 98.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, February 9th. Citigroup started coverage on SPS Commerce in a research report on Wednesday, March 13th. They set a "buy" rating and a $216.00 price objective on the stock. Finally, StockNews.com cut SPS Commerce from a "buy" rating to a "hold" rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $199.67.

SPS Commerce Stock Up 1.4 %

SPSC stock traded up $2.36 during midday trading on Friday, hitting $165.49. The company's stock had a trading volume of 268,037 shares, compared to its average volume of 166,280. The stock's 50-day moving average price is $181.40 and its 200 day moving average price is $178.98. SPS Commerce, Inc. has a 1 year low of $140.00 and a 1 year high of $218.74. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 94.03 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. The firm had revenue of $144.97 million for the quarter, compared to analysts' expectations of $143.05 million. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.13 earnings per share for the current fiscal year.

Insider Activity

In related news, COO James J. Frome sold 12,887 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the sale, the chief operating officer now owns 44,369 shares of the company's stock, valued at approximately $7,954,030.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kimberly K. Nelson sold 5,965 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the sale, the chief financial officer now owns 147,553 shares of the company's stock, valued at approximately $27,027,283.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James J. Frome sold 12,887 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the transaction, the chief operating officer now owns 44,369 shares in the company, valued at $7,954,030.63. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock valued at $12,122,275 in the last 90 days. Insiders own 1.00% of the company's stock.

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.