Johnson Investment Counsel Inc. Boosts Holdings in SPS Commerce, Inc. $SPSC

Johnson Investment Counsel Inc. lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 64.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,557 shares of the software maker’s stock after acquiring an additional 10,765 shares during the period. Johnson Investment Counsel Inc. owned 0.07% of SPS Commerce worth $2,870,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB increased its position in SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of SPS Commerce by 2.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock valued at $133,457,000 after purchasing an additional 30,769 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock valued at $132,824,000 after purchasing an additional 12,046 shares during the last quarter. Geneva Capital Management LLC grew its stake in shares of SPS Commerce by 7.5% during the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock valued at $84,244,000 after buying an additional 43,330 shares during the period. Finally, Van Berkom & Associates Inc. acquired a new stake in shares of SPS Commerce during the 3rd quarter worth $51,878,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPSC has been the topic of several research reports. DA Davidson cut their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Robert W. Baird set a $104.00 price target on SPS Commerce in a research note on Friday, October 31st. Citigroup cut their price objective on SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $99.22.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $68.33 on Thursday. The business’s 50-day moving average is $88.15 and its two-hundred day moving average is $97.73. The firm has a market capitalization of $2.58 billion, a PE ratio of 30.64 and a beta of 0.56. SPS Commerce, Inc. has a 12 month low of $67.26 and a 12 month high of $155.16.

Insiders Place Their Bets

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director owned 9,158 shares in the company, valued at $844,917.08. This represents a 15.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.