SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Rating of “Moderate Buy” by Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $223.63.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Robert W. Baird boosted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Friday, October 25th.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $189.13 on Monday. The stock has a market cap of $7.11 billion, a PE ratio of 90.49 and a beta of 0.84. SPS Commerce has a 1 year low of $160.58 and a 1 year high of $218.74. The stock has a fifty day moving average price of $186.64 and a 200 day moving average price of $191.26.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities research analysts predict that SPS Commerce will post 2.39 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPSC. Mather Group LLC. boosted its holdings in SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after acquiring an additional 128 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of SPS Commerce in the second quarter valued at $30,000. Blue Trust Inc. grew its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. increased its stake in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the period. Finally, DT Investment Partners LLC purchased a new position in SPS Commerce in the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 98.96% 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.