ProShare Advisors LLC Acquires 3,596 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

ProShare Advisors LLC lifted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 46.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,357 shares of the software maker’s stock after buying an additional 3,596 shares during the quarter. ProShare Advisors LLC’s holdings in SPS Commerce were worth $2,090,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPSC. Barclays PLC raised its holdings 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 valued at $12,890,000 after buying an additional 44,946 shares during the last quarter. Park Avenue Securities LLC raised its holdings in SPS Commerce by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 4,528 shares of the software maker’s stock worth $833,000 after purchasing an additional 727 shares during the last quarter. Trust Co. of Vermont bought a new stake in SPS Commerce during the 4th quarter worth about $69,000. Diversify Wealth Management LLC raised its holdings in SPS Commerce by 37.8% during the 4th quarter. Diversify Wealth Management LLC now owns 4,900 shares of the software maker’s stock worth $878,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in SPS Commerce by 12.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 109,473 shares of the software maker’s stock worth $20,142,000 after purchasing an additional 12,400 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Down 0.2%

SPS Commerce stock opened at $149.00 on Wednesday. The firm has a market capitalization of $5.66 billion, a P/E ratio of 73.04 and a beta of 0.81. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The business has a 50-day moving average of $136.13 and a 200-day moving average of $161.55.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. Research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SPSC. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Northland Securities reissued a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. DA Davidson dropped their price objective on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.38.

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.