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

SPS Commerce, Inc. (NASDAQ:SPSC) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $218.00.

Several equities research analysts have issued reports on SPSC shares. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Finally, Robert W. Baird upped their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $183.25 on Tuesday. SPS Commerce has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The firm has a market capitalization of $6.88 billion, a P/E ratio of 87.68 and a beta of 0.88. The company’s 50 day simple moving average is $186.24 and its 200 day simple moving average is $191.53.

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, beating 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 quarter in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Sell-side analysts expect that SPS Commerce will post 2.38 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in shares of SPS Commerce by 10.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,493 shares of the software maker’s stock valued at $469,000 after acquiring an additional 232 shares during the period. Rhumbline Advisers raised its stake in SPS Commerce by 0.6% in the second quarter. Rhumbline Advisers now owns 107,052 shares of the software maker’s stock worth $20,143,000 after buying an additional 671 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of SPS Commerce by 7.4% during the 2nd quarter. Victory Capital Management Inc. now owns 12,309 shares of the software maker’s stock worth $2,316,000 after purchasing an additional 848 shares during the last quarter. Arizona State Retirement System lifted its position in SPS Commerce by 2.9% during the second quarter. Arizona State Retirement System now owns 10,382 shares of the software maker’s stock valued at $1,953,000 after acquiring an additional 297 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in SPS Commerce in the second quarter worth about $259,000. Hedge funds and other 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.