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

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four 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 brokerages that have covered the stock in the last year is $223.63.

SPSC has been the subject of a number of analyst reports. Craig Hallum raised their price target on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Stifel Nicolaus upped their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Finally, Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $176.59 on Monday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 84.49 and a beta of 0.84. SPS Commerce has a 52-week low of $160.58 and a 52-week high of $218.74. The stock’s 50-day simple moving average is $187.26 and its 200 day simple moving average is $191.43.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities research analysts forecast that SPS Commerce will post 2.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

A number of hedge funds have recently bought and sold shares of SPSC. SG Americas Securities LLC boosted its position in SPS Commerce by 79.0% during the second quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after buying an additional 3,662 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in SPS Commerce by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after acquiring an additional 3,340 shares during the period. Vanguard Group Inc. grew its position in SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares during the last quarter. AXA S.A. increased its stake in SPS Commerce by 19.4% in the 2nd quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock worth $5,530,000 after purchasing an additional 4,784 shares during the period. Finally, Hsbc Holdings PLC lifted its position in SPS Commerce by 448.2% in the second quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock valued at $6,295,000 after purchasing an additional 27,376 shares during the last quarter. Institutional investors own 98.96% 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.