SPS Commerce, Inc. (NASDAQ:SPSC) Position Boosted by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 75.0% during the 4th quarter, Holdings Channel reports. The fund owned 7,000 shares of the software maker’s stock after purchasing an additional 3,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in SPS Commerce were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SPSC. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. grew its position in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC grew its position in SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after buying an additional 69 shares in the last quarter. Avior Wealth Management LLC increased its stake in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after buying an additional 326 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of SPS Commerce during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. Robert W. Baird lifted their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Piper Sandler assumed coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and a consensus price target of $218.00.

SPS Commerce Stock Up 2.3 %

Shares of NASDAQ SPSC opened at $195.48 on Wednesday. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 93.53 and a beta of 0.88. The business has a fifty day simple moving average of $188.22 and a 200-day simple moving average of $191.33.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.