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

SPS Commerce, Inc. (NASDAQ:SPSC) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $220.25.

Several analysts have commented on the stock. Craig Hallum boosted their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird upped their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus upped their price target on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson upped their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at $3,771,531.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the sale, the director now owns 18,852 shares in the company, valued at approximately $3,771,531.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock worth $1,551,735 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. grew its stake in SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after acquiring an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in SPS Commerce in the second quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares during the period. Fidelis Capital Partners LLC purchased a new position in SPS Commerce in the first quarter valued at approximately $60,000. Finally, DT Investment Partners LLC purchased a new position in SPS Commerce in the second quarter valued at approximately $63,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Trading Up 0.5 %

SPSC opened at $192.25 on Friday. SPS Commerce has a 1-year low of $151.96 and a 1-year high of $218.74. The company has a market capitalization of $7.13 billion, a PE ratio of 105.05 and a beta of 0.82. The firm’s 50 day simple moving average is $196.44 and its two-hundred day simple moving average is $188.99.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The business had revenue of $153.60 million for the quarter, compared to the consensus estimate of $151.87 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts forecast that SPS Commerce will post 2.32 earnings per share for the current fiscal year.

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.