SPS Commerce, Inc. (NASDAQ:SPSC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $207.11.

A number of equities research analysts have recently commented on the company. Robert W. Baird cut their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Citigroup reduced their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Needham & Company LLC dropped their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut 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. Finally, Stifel Nicolaus decreased their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,695 shares of company stock valued at $7,781,086 over the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. raised its position in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce during the fourth quarter valued at approximately $40,000. Hurley Capital LLC acquired a new stake in SPS Commerce in the fourth quarter valued at approximately $41,000. Finally, R Squared Ltd bought a new stake in SPS Commerce in the fourth quarter worth approximately $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Trading Up 0.9 %

Shares of NASDAQ SPSC opened at $133.20 on Wednesday. SPS Commerce has a twelve month low of $131.31 and a twelve month high of $218.61. The firm has a 50-day moving average of $174.04 and a two-hundred day moving average of $184.35. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 65.29 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, research analysts predict that SPS Commerce will post 2.73 earnings per share for the current year.

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.