Harbor Capital Advisors Inc. Has $191,000 Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Harbor Capital Advisors Inc. grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,040 shares of the software maker’s stock after purchasing an additional 160 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SPS Commerce were worth $191,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. FMR LLC lifted its position in shares of SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of SPS Commerce by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of SPS Commerce by 2,099.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after purchasing an additional 92,381 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of SPS Commerce in the third quarter valued at approximately $17,128,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $182.32 on Wednesday. The business’s 50-day simple moving average is $187.83 and its 200-day simple moving average is $191.34. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The stock has a market capitalization of $6.85 billion, a PE ratio of 87.23 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. On average, research analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

SPSC has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, January 3rd. Robert W. Baird raised their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Stifel Nicolaus lowered their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.00.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares in the company, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.