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

SPS Commerce, Inc. (NASDAQ:SPSC) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $220.25.

Several equities analysts have recently weighed in on the company. Craig Hallum raised their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. DA Davidson lifted their price objective on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus lifted their price objective on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird lifted their price objective on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 26th.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $185.36 on Friday. SPS Commerce has a 1-year low of $151.96 and a 1-year high of $218.74. The business has a fifty day moving average price of $195.53 and a 200-day moving average price of $189.26. The company has a market capitalization of $6.88 billion, a PE ratio of 101.29 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The firm had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. During the same period last year, the company earned $0.42 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. On average, sell-side analysts anticipate that SPS Commerce will post 2.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the transaction, the director now owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,675 shares of company stock valued at $1,551,735. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of SPS Commerce by 79.0% during the 2nd quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after acquiring an additional 3,662 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of SPS Commerce by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after acquiring an additional 3,340 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of SPS Commerce by 60.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 68,135 shares of the software maker’s stock valued at $12,598,000 after acquiring an additional 25,636 shares during the period. Wellington Management Group LLP grew its stake in shares of SPS Commerce by 23.0% during the 4th quarter. Wellington Management Group LLP now owns 341,875 shares of the software maker’s stock valued at $66,269,000 after acquiring an additional 63,962 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of SPS Commerce by 36.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 204,042 shares of the software maker’s stock valued at $37,727,000 after acquiring an additional 54,600 shares during the period. 98.96% of the stock is currently owned by institutional investors.

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.