SPS Commerce (NASDAQ:SPSC) Price Target Lowered to $225.00 at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its target price decreased by Stifel Nicolaus from $250.00 to $225.00 in a research note published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

A number of other equities research analysts have also recently issued reports on SPSC. Piper Sandler assumed coverage on SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday. 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 report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

SPS Commerce Stock Up 2.2 %

SPSC stock opened at $186.85 on Friday. The firm has a 50 day moving average of $186.00 and a two-hundred day moving average of $191.39. SPS Commerce has a 12 month low of $160.58 and a 12 month high of $218.74. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 89.40 and a beta of 0.88.

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

Insider Transactions at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the transaction, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Signaturefd LLC grew its holdings in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after purchasing an additional 326 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

About SPS Commerce

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.