SPS Commerce (NASDAQ:SPSC) Given Market Perform Rating at Northland Securities

SPS Commerce (NASDAQ:SPSC)‘s stock had its “market perform” rating reaffirmed by equities researchers at Northland Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $181.00 price objective on the software maker’s stock, down from their prior price objective of $209.00. Northland Securities’ target price would suggest a potential upside of 2.16% from the company’s previous close.

Other analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Wednesday, January 15th. Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Robert W. Baird lifted their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Piper Sandler began coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $213.89.

SPS Commerce Trading Down 0.6 %

Shares of SPS Commerce stock opened at $177.17 on Tuesday. SPS Commerce has a 1 year low of $160.58 and a 1 year high of $218.61. The company has a market cap of $6.66 billion, a P/E ratio of 84.77 and a beta of 0.88. The stock has a 50-day moving average price of $188.36 and a 200 day moving average price of $189.93.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. On average, equities analysts forecast that SPS Commerce will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the transaction, the chief financial officer now owns 147,002 shares of the company’s stock, valued at $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,230 shares of company stock worth $6,379,187. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPSC. Franklin Resources Inc. raised its holdings in shares of SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after acquiring an additional 210,284 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SPS Commerce in the 4th quarter valued at about $27,441,000. Geneva Capital Management LLC lifted its holdings in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after purchasing an additional 138,014 shares in the last quarter. FMR LLC boosted 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 buying an additional 104,769 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings 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 buying an additional 104,210 shares in the last quarter. 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.