Stifel Nicolaus Cuts SPS Commerce (NASDAQ:SPSC) Price Target to $200.00

SPS Commerce (NASDAQ:SPSC) had its price target trimmed by Stifel Nicolaus from $225.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other analysts have also recently issued reports about the company. Northland Securities restated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday. Citigroup cut their target price 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. Piper Sandler dropped their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. Robert W. Baird reduced their price objective 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. Finally, Needham & Company LLC dropped their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $152.72 on Tuesday. The business has a 50-day simple moving average of $187.58 and a 200-day simple moving average of $189.54. SPS Commerce has a one year low of $148.00 and a one year high of $218.61. The company has a market cap of $5.74 billion, a PE ratio of 73.07 and a beta of 0.88.

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

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,230 shares of company stock valued at $6,379,187. Insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

Several hedge funds have recently made changes to their positions in SPSC. Pathstone Holdings LLC raised its holdings in SPS Commerce by 0.3% during the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after purchasing an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after purchasing an additional 55 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after buying an additional 58 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of SPS Commerce by 0.6% in the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock valued at $2,025,000 after buying an additional 61 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of SPS Commerce by 2.8% in the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock valued at $449,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds 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.