SPS Commerce (NASDAQ:SPSC) Sets New 12-Month Low – Time to Sell?

SPS Commerce, Inc. (NASDAQ:SPSC) shares hit a new 52-week low on Tuesday . The company traded as low as $144.14 and last traded at $145.01, with a volume of 24443 shares changing hands. The stock had previously closed at $146.21.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SPSC shares. Needham & Company LLC dropped their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Piper Sandler dropped their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Robert W. Baird dropped their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Price Performance

The company has a market capitalization of $5.49 billion, a P/E ratio of 69.96 and a beta of 0.88. The firm has a 50-day moving average price of $183.99 and a two-hundred day moving average price of $187.82.

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

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the transaction, the chief financial officer now directly owns 147,002 shares in the company, valued at approximately $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now owns 22,570 shares of the company’s stock, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,230 shares of company stock worth $6,379,187. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after acquiring an additional 67,687 shares in the last quarter. State Street Corp raised its stake in SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after acquiring an additional 16,357 shares in the last quarter. FMR LLC raised its stake in SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after acquiring an additional 742,686 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in SPS Commerce by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after acquiring an additional 21,170 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of SPS Commerce by 1.5% in the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after buying an additional 14,174 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.