SPS Commerce, Inc. (NASDAQ:SPSC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

SPSC has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $189.13 on Monday. The firm has a market capitalization of $7.11 billion, a P/E ratio of 90.49 and a beta of 0.84. The stock has a 50-day simple moving average of $186.64 and a two-hundred day simple moving average of $191.26. SPS Commerce has a fifty-two week low of $160.58 and a fifty-two week high of $218.74.

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 the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same period last year, the business earned $0.53 earnings per share. SPS Commerce’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, analysts forecast that SPS Commerce will post 2.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of SPSC. Shaker Investments LLC OH increased its position in shares of SPS Commerce by 1.7% during the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after acquiring an additional 50 shares during the last quarter. Pathstone Holdings LLC raised its stake in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after buying an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after buying an additional 55 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after acquiring an additional 58 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after acquiring an additional 62 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Company 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.