SPS Commerce (NASDAQ:SPSC) Issues Earnings Results

SPS Commerce (NASDAQ:SPSC) posted its earnings results on Thursday. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09, Briefing.com reports. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The firm had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year.

SPS Commerce Stock Down 10.7 %

SPSC traded down $20.49 during trading on Friday, hitting $170.49. 636,500 shares of the company’s stock were exchanged, compared to its average volume of 179,940. The business’s 50 day moving average is $192.69 and its two-hundred day moving average is $190.73. SPS Commerce has a fifty-two week low of $151.96 and a fifty-two week high of $218.74. The stock has a market cap of $6.31 billion, a P/E ratio of 93.16 and a beta of 0.82.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SPSC shares. Robert W. Baird boosted their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday. Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Craig Hallum boosted their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $223.38.

Insiders Place Their Bets

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the transaction, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.