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

ProShare Advisors LLC boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 46.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,357 shares of the software maker’s stock after acquiring an additional 3,596 shares during the quarter. ProShare Advisors LLC’s holdings in SPS Commerce were worth $2,090,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after acquiring an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in SPS Commerce by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after acquiring an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 110 shares during the last quarter. Van ECK Associates Corp boosted its position in SPS Commerce by 35.7% during the 4th quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker’s stock worth $5,505,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. boosted its position in SPS Commerce by 75.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the software maker’s stock worth $1,288,000 after acquiring an additional 3,000 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Down 0.2%

NASDAQ SPSC opened at $149.00 on Wednesday. The company has a market cap of $5.66 billion, a PE ratio of 73.04 and a beta of 0.81. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The stock 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 quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million for the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPSC. Robert W. Baird upped their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. DA Davidson reduced their price target on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.