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

Knights of Columbus Asset Advisors LLC raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 102.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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’s holdings in SPS Commerce were worth $5,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of SPS Commerce by 33.3% during the first quarter. JPMorgan Chase & Co. now owns 84,491 shares of the software maker’s stock valued at $11,085,000 after purchasing an additional 21,119 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of SPS Commerce by 62.9% in the 1st quarter. HighTower Advisors LLC now owns 4,319 shares of the software maker’s stock worth $572,000 after acquiring an additional 1,668 shares in the last quarter. Bank of Montreal Can increased its stake in shares of SPS Commerce by 5.7% in the 1st quarter. Bank of Montreal Can now owns 14,234 shares of the software maker’s stock worth $1,916,000 after acquiring an additional 772 shares in the last quarter. MetLife Investment Management LLC lifted its position in SPS Commerce by 55.3% during the 1st quarter. MetLife Investment Management LLC now owns 19,385 shares of the software maker’s stock valued at $2,543,000 after acquiring an additional 6,904 shares during the period. Finally, Rhumbline Advisers boosted its stake in SPS Commerce by 7.5% during the first quarter. Rhumbline Advisers now owns 90,421 shares of the software maker’s stock worth $11,863,000 after acquiring an additional 6,294 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SPSC. Citigroup initiated coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday, February 9th. Finally, StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and an average target price of $199.67.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now directly owns 15,747 shares in the company, valued at approximately $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,688 shares of company stock valued at $12,122,275. 1.00% of the stock is owned by company insiders.

SPS Commerce Stock Performance

SPSC opened at $165.49 on Friday. The company’s 50-day simple moving average is $181.40 and its two-hundred day simple moving average is $178.98. SPS Commerce, Inc. has a 52-week low of $140.00 and a 52-week high of $218.74. The stock has a market capitalization of $6.14 billion, a P/E ratio of 94.03 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. Research analysts forecast that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal 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.