Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $220.25

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $223.38.

SPSC has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Friday. Robert W. Baird increased their target price on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. DA Davidson boosted their price target on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Stifel Nicolaus lifted their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $170.49 on Thursday. The firm has a market cap of $6.33 billion, a P/E ratio of 88.80 and a beta of 0.82. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74. The firm’s 50 day moving average price is $192.69 and its 200 day moving average price is $190.58.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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 analyst estimates of $151.87 million. During the same period in the prior year, the firm posted $0.42 EPS. The company’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts predict that SPS Commerce will post 2.32 EPS for the current year.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds and other institutional investors have recently modified their holdings of SPSC. Mather Group LLC. lifted its holdings in SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPS Commerce during the 2nd quarter valued at approximately $30,000. Blue Trust Inc. lifted its stake in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in SPS Commerce in the first quarter worth $60,000. Finally, DT Investment Partners LLC bought a new stake in SPS Commerce during the second quarter valued at $63,000. 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.