SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $207.11.

A number of equities research analysts have commented on SPSC shares. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Robert W. Baird cut their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Needham & Company LLC lowered their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On SPS Commerce

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in SPS Commerce by 22.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,774 shares of the software maker’s stock worth $2,718,000 after purchasing an additional 2,714 shares in the last quarter. Palisades Investment Partners LLC increased its position in shares of SPS Commerce by 9.4% in the fourth quarter. Palisades Investment Partners LLC now owns 49,548 shares of the software maker’s stock worth $9,116,000 after acquiring an additional 4,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SPS Commerce by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,493 shares of the software maker’s stock worth $21,618,000 after acquiring an additional 15,194 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of SPS Commerce by 18.2% in the 4th quarter. Voloridge Investment Management LLC now owns 72,313 shares of the software maker’s stock valued at $13,305,000 after acquiring an additional 11,138 shares during the period. Finally, Sovereign s Capital Management LLC acquired a new position in shares of SPS Commerce during the 4th quarter valued at $481,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 0.3 %

Shares of SPSC stock opened at $138.43 on Wednesday. The stock has a market cap of $5.23 billion, a P/E ratio of 67.86 and a beta of 0.88. SPS Commerce has a fifty-two week low of $136.04 and a fifty-two week high of $218.61. The business has a fifty day simple moving average of $177.43 and a 200-day simple moving average of $185.57.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data 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 net margin of 12.08% and a return on equity of 12.27%. On average, sell-side analysts anticipate 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.