SPS Commerce (NASDAQ:SPSC) Hits New 1-Year Low – Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC) shares reached a new 52-week low on Tuesday . The stock traded as low as $144.14 and last traded at $145.01, with a volume of 24443 shares changing hands. The stock had previously closed at $146.21.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup reduced 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. Needham & Company LLC reduced their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus cut their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Robert W. Baird cut their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Northland Securities reiterated a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Down 2.1 %

The business’s 50-day moving average price is $181.95 and its 200 day moving average price is $187.15. The company has a market capitalization of $5.39 billion, a P/E ratio of 70.36 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’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 transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now directly owns 147,002 shares in the company, 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 ninety days, insiders sold 34,230 shares of company stock worth $6,379,187. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of SPSC. Blue Trust Inc. raised its stake in SPS Commerce by 140.8% in the third 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. raised its stake in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $41,000. Finally, R Squared Ltd purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $57,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

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.