Robert W. Baird Boosts SPS Commerce (NASDAQ:SPSC) Price Target to $188.00

SPS Commerce (NASDAQ:SPSC) had its price target boosted by Robert W. Baird from $186.00 to $188.00 in a research report released on Monday, Benzinga reports. Robert W. Baird currently has a neutral rating on the software maker’s stock.

Several other equities analysts have also recently issued reports on SPSC. Stifel Nicolaus boosted their target price on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. DA Davidson increased their price objective on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research report on Friday, October 25th. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a report on Monday, July 29th. Finally, Craig Hallum boosted their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and an average target price of $223.63.

SPS Commerce Price Performance

SPS Commerce stock opened at $165.00 on Monday. The business has a 50 day simple moving average of $191.20 and a 200-day simple moving average of $190.60. SPS Commerce has a 12 month low of $157.48 and a 12 month high of $218.74. The stock has a market capitalization of $6.20 billion, a PE ratio of 78.95 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. SPS Commerce’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, equities research analysts anticipate that SPS Commerce will post 2.32 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the sale, the director now directly owns 16,212 shares in the company, valued at $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On SPS Commerce

Institutional investors and hedge funds have recently modified their holdings of the company. Shaker Investments LLC OH grew its stake in SPS Commerce by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock worth $564,000 after acquiring an additional 50 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of SPS Commerce by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock valued at $256,000 after purchasing an additional 55 shares during the period. First Trust Direct Indexing L.P. increased its stake in SPS Commerce by 2.8% in the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock valued at $449,000 after purchasing an additional 62 shares during the last quarter. Arkadios Wealth Advisors lifted its position in SPS Commerce by 1.8% during the second quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock worth $707,000 after buying an additional 67 shares during the period. Finally, Signaturefd LLC boosted its stake in 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 buying an additional 69 shares during the last quarter. 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.