SPS Commerce, Inc. (NASDAQ:SPSC) Receives $207.11 Consensus Price Target from Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings 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 12 month target price among brokers that have updated their coverage on the stock in the last year is $207.11.

A number of research analysts have issued reports on SPSC shares. Needham & Company LLC reduced their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Robert W. Baird reduced their price target 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 lowered their price objective 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. Citigroup dropped 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. Finally, Northland Securities reiterated a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th.

SPS Commerce Trading Down 0.2 %

NASDAQ:SPSC opened at $135.00 on Friday. The stock has a 50 day moving average of $156.37 and a 200-day moving average of $176.80. The firm has a market capitalization of $5.10 billion, a PE ratio of 66.18 and a beta of 0.92. SPS Commerce has a 52 week low of $122.58 and a 52 week high of $218.61.

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 return on equity of 12.27% and a net margin of 12.08%. As a group, analysts predict that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock valued at $6,613,078 over the last three months. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the 4th quarter valued at $40,000. Hurley Capital LLC purchased a new position in SPS Commerce in the fourth quarter valued at about $41,000. Blue Trust Inc. increased its holdings in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of SPS Commerce during the 4th quarter valued at $57,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.