SPS Commerce (NASDAQ:SPSC) PT Raised to $222.00

SPS Commerce (NASDAQ:SPSCFree Report) had its price target boosted by Citigroup from $213.00 to $222.00 in a research note released on Friday, Benzinga reports. Citigroup currently has a buy rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on SPSC. Robert W. Baird raised their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a neutral rating in a research note on Friday, April 26th. William Blair reiterated a market perform rating on shares of SPS Commerce in a report on Thursday, April 25th. Needham & Company LLC restated a buy rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday. Finally, StockNews.com downgraded SPS Commerce from a buy rating to a hold rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $197.43.

Read Our Latest Stock Report on SPSC

SPS Commerce Stock Up 0.1 %

SPSC opened at $192.60 on Friday. The firm has a market cap of $7.13 billion, a P/E ratio of 105.25 and a beta of 0.81. The business’s fifty day simple moving average is $178.97 and its 200 day simple moving average is $180.93. SPS Commerce has a 52 week low of $151.63 and a 52 week high of $218.74.

Insider Transactions at SPS Commerce

In related news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the transaction, the director now owns 71,852 shares in the company, valued at $13,045,449.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Kimberly K. Nelson sold 5,965 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the sale, the chief financial officer now owns 147,553 shares of the company’s stock, valued at $27,027,283.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now owns 71,852 shares in the company, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock worth $5,186,345 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $26,000. NBC Securities Inc. acquired a new stake in SPS Commerce in the third quarter valued at approximately $35,000. RiverPark Advisors LLC purchased a new stake in shares of SPS Commerce during the third quarter valued at approximately $42,000. CVA Family Office LLC acquired a new position in shares of SPS Commerce during the fourth quarter worth $44,000. Finally, UMB Bank n.a. boosted its stake in shares of SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after purchasing an additional 164 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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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.

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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