SPS Commerce (NASDAQ:SPSC) Given New $175.00 Price Target at Robert W. Baird

SPS Commerce (NASDAQ:SPSC) had its price objective decreased by Robert W. Baird from $188.00 to $175.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s price target indicates a potential downside of 1.22% from the stock’s previous close.

A number of other research firms also recently commented on SPSC. Needham & Company LLC decreased their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler assumed coverage on SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Citigroup decreased their price objective 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. Stifel Nicolaus decreased their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Northland Securities restated a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.89.

SPS Commerce Stock Down 0.6 %

NASDAQ SPSC opened at $177.17 on Tuesday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 84.77 and a beta of 0.88. The business has a 50-day moving average price of $188.36 and a 200-day moving average price of $189.93. SPS Commerce has a twelve month low of $160.58 and a twelve month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results 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 return on equity of 12.60% and a net margin of 12.83%. Research analysts expect that SPS Commerce will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at $4,167,776.20. The trade was a 30.32 % decrease in their position. The sale 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 SPS Commerce stock in a transaction 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 sale, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,230 shares of company stock valued at $6,379,187. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of SPS Commerce in the 2nd quarter valued at $517,000. Inspire Investing LLC increased its holdings in shares of SPS Commerce by 13.8% in the 3rd quarter. Inspire Investing LLC now owns 2,131 shares of the software maker’s stock valued at $414,000 after acquiring an additional 258 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of SPS Commerce by 63.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock valued at $128,000 after acquiring an additional 255 shares during the period. Creative Planning increased its holdings in shares of SPS Commerce by 13.6% in the 3rd quarter. Creative Planning now owns 10,069 shares of the software maker’s stock valued at $1,955,000 after acquiring an additional 1,204 shares during the period. Finally, AlphaMark Advisors LLC purchased a new position in shares of SPS Commerce in the 3rd quarter valued at $319,000. 98.96% of the stock is owned by 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.