SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Rating of “Moderate Buy” from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $207.11.

Several research firms have issued reports on SPSC. Robert W. Baird dropped their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Citigroup decreased their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research report on Wednesday. Finally, Stifel Nicolaus dropped 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.

Insider Buying and Selling at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at $28,864,006.56. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock worth $6,613,078 over the last three months. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds and other institutional investors have recently modified their holdings of SPSC. Advisors Asset Management Inc. increased its holdings in SPS Commerce by 129.9% during the 3rd 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 during the period. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce in the 4th quarter worth approximately $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $41,000. Blue Trust Inc. increased its stake in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares during the period. Finally, R Squared Ltd bought a new position in shares of SPS Commerce during the fourth quarter valued at approximately $57,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

SPSC stock opened at $133.50 on Friday. The stock has a fifty day moving average of $152.14 and a 200-day moving average of $175.44. SPS Commerce has a fifty-two week low of $122.58 and a fifty-two week high of $218.61. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 65.44 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Equities analysts predict that SPS Commerce will post 2.73 EPS for the current year.

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.