SPS Commerce, Inc. (NASDAQ:SPSC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $218.00.

SPSC has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Piper Sandler started coverage on SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, January 3rd. Finally, Robert W. Baird lifted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th.

SPS Commerce Trading Down 2.3 %

Shares of SPSC stock opened at $179.13 on Tuesday. The stock has a 50 day simple moving average of $187.37 and a 200-day simple moving average of $191.40. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 85.71 and a beta of 0.88. SPS Commerce has a 12-month low of $160.58 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. SPS Commerce’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, equities analysts forecast that SPS Commerce will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SPS Commerce

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after buying an additional 210,284 shares during the period. FMR LLC increased its stake in SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after acquiring an additional 104,769 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of SPS Commerce by 2,099.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after purchasing an additional 92,381 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of SPS Commerce during the 3rd quarter worth about $17,128,000. 98.96% of the stock is currently owned by hedge funds and other 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.