SPS Commerce (NASDAQ:SPSC – Get Free Report) announced its earnings results on Thursday. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09, Briefing.com reports. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share.
SPS Commerce Trading Down 10.7 %
Shares of NASDAQ:SPSC traded down $20.49 during midday trading on Friday, hitting $170.49. 636,500 shares of the stock were exchanged, compared to its average volume of 179,940. The stock has a market cap of $6.31 billion, a P/E ratio of 93.16 and a beta of 0.82. SPS Commerce has a twelve month low of $151.96 and a twelve month high of $218.74. The company has a 50 day moving average price of $192.69 and a 200-day moving average price of $190.73.
Insider Transactions at SPS Commerce
In other news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction 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 owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
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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.
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