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

Johnson Investment Counsel Inc. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 64.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,557 shares of the software maker’s stock after acquiring an additional 10,765 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in SPS Commerce were worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in shares of SPS Commerce by 95.6% during the second quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock worth $3,321,000 after purchasing an additional 11,927 shares during the last quarter. Fenimore Asset Management Inc increased its holdings in SPS Commerce by 17.8% in the third quarter. Fenimore Asset Management Inc now owns 145,888 shares of the software maker’s stock valued at $15,193,000 after buying an additional 22,036 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in SPS Commerce during the third quarter valued at approximately $51,878,000. Buckhead Capital Management LLC raised its stake in SPS Commerce by 284.7% during the third quarter. Buckhead Capital Management LLC now owns 35,945 shares of the software maker’s stock valued at $3,743,000 after buying an additional 26,602 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in SPS Commerce during the 2nd quarter worth approximately $2,007,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SPS Commerce

In related news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $79.92, for a total value of $79,920.00. Following the sale, the director owned 9,158 shares of the company’s stock, valued at $731,907.36. This trade represents a 9.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPSC shares. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price target (down from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. DA Davidson dropped their target price on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald lowered shares of SPS Commerce from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $135.00 to $80.00 in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and an average price target of $99.22.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $68.33 on Thursday. 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 1-year low of $67.26 and a 1-year high of $155.16. The business’s fifty day moving average price is $88.15 and its two-hundred day moving average price is $97.73.

SPS Commerce 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.