SPS Commerce (NASDAQ:SPSC - Get Free Report) had its target price upped by stock analysts at Stifel Nicolaus from $240.00 to $250.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. Stifel Nicolaus' price target would suggest a potential upside of 46.64% from the stock's current price.
Other analysts also recently issued reports about the stock. DA Davidson upped their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a "buy" rating in a report on Friday, July 26th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Friday. Craig Hallum upped their target price on 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 lifted their price target on SPS Commerce from $178.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. Finally, Northland Capmk lowered SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $223.38.
Get Our Latest Analysis on SPSC
SPS Commerce Price Performance
SPSC traded down $20.49 on Friday, reaching $170.49. 636,122 shares of the stock were exchanged, compared to its average volume of 179,940. The company's 50-day moving average price is $193.22 and its 200 day moving average price is $190.55. The firm has a market capitalization of $6.33 billion, a PE ratio of 91.26 and a beta of 0.82. SPS Commerce has a fifty-two week low of $151.96 and a fifty-two week high of $218.74.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The firm had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. SPS Commerce's revenue for the quarter was up 17.8% on a year-over-year basis. As a group, equities analysts forecast that SPS Commerce will post 2.32 earnings per share for the current fiscal year.
Insider Activity
In related 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 completion of the sale, the director now owns 16,212 shares of the company's stock, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On SPS Commerce
Several institutional investors have recently bought and sold shares of SPSC. Smith Group Asset Management LLC lifted its position in shares of SPS Commerce by 25.9% in the third quarter. Smith Group Asset Management LLC now owns 3,533 shares of the software maker's stock valued at $686,000 after acquiring an additional 726 shares in the last quarter. Cavalier Investments LLC lifted its holdings in SPS Commerce by 6.2% in the 3rd quarter. Cavalier Investments LLC now owns 10,673 shares of the software maker's stock valued at $2,072,000 after purchasing an additional 621 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock worth $256,000 after purchasing an additional 55 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in SPS Commerce by 44.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,416 shares of the software maker's stock worth $1,052,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of SPS Commerce by 4.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,017 shares of the software maker's stock worth $392,000 after buying an additional 93 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.
About SPS Commerce
(
Get Free Report)
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.
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