Janus Henderson Group PLC Purchases 32,594 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Janus Henderson Group PLC grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 72.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,361 shares of the software maker’s stock after purchasing an additional 32,594 shares during the period. Janus Henderson Group PLC’s holdings in SPS Commerce were worth $14,242,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPSC. Barclays PLC lifted its stake in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after purchasing an additional 44,946 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in SPS Commerce by 58.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker’s stock worth $34,285,000 after purchasing an additional 69,029 shares during the last quarter. Park Avenue Securities LLC lifted its stake in SPS Commerce by 19.1% during the fourth 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. Bouvel Investment Partners LLC lifted its stake in SPS Commerce by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 18,258 shares of the software maker’s stock worth $3,359,000 after purchasing an additional 200 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in SPS Commerce during the fourth quarter worth about $69,000. Institutional investors own 98.96% of the company’s stock.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the transaction, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,465 shares of company stock worth $1,401,898. Company insiders own 0.98% of the company’s stock.

SPS Commerce Price Performance

SPSC opened at $150.94 on Friday. The business has a 50 day simple moving average of $135.16 and a two-hundred day simple moving average of $161.83. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 73.99 and a beta of 0.81. SPS Commerce, Inc. has a one year low of $120.09 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 EPS 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 during the quarter, compared to analyst estimates of $179.57 million. During the same quarter in the prior year, the company posted $0.86 EPS. SPS Commerce’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPSC. Northland Securities reissued a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. DA Davidson lowered their target price on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.38.

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.