SPS Commerce (NASDAQ:SPSC - Get Free Report) had its price objective lifted by equities research analysts at Robert W. Baird from $186.00 to $188.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the software maker's stock. Robert W. Baird's price objective suggests a potential upside of 9.94% from the stock's current price.
A number of other equities analysts have also recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday. Northland Capmk cut SPS Commerce from a "strong-buy" rating to a "hold" rating in a report on Monday, July 29th. Craig Hallum upped their price target on SPS Commerce from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Stifel Nicolaus upped their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Friday. Finally, Northland Securities cut SPS Commerce from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and an average price target of $223.63.
Check Out Our Latest Report on SPSC
SPS Commerce Price Performance
NASDAQ:SPSC traded up $0.52 during mid-day trading on Monday, reaching $171.01. The company's stock had a trading volume of 289,890 shares, compared to its average volume of 180,455. The company's fifty day simple moving average is $192.69 and its two-hundred day simple moving average is $190.73. SPS Commerce has a twelve month low of $153.87 and a twelve month high of $218.74. The stock has a market cap of $6.42 billion, a P/E ratio of 81.82 and a beta of 0.82.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company's revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Sell-side analysts expect that SPS Commerce will post 2.32 EPS for the current fiscal year.
Insider Activity
In related news, Director Sven Wehrwein sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now directly owns 16,212 shares of the company's stock, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On SPS Commerce
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of SPS Commerce by 79.0% during the 2nd quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker's stock valued at $1,562,000 after acquiring an additional 3,662 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in SPS Commerce by 11.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker's stock worth $6,062,000 after buying an additional 3,340 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in SPS Commerce by 60.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 68,135 shares of the software maker's stock worth $12,598,000 after buying an additional 25,636 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in SPS Commerce by 36.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 204,042 shares of the software maker's stock worth $37,727,000 after buying an additional 54,600 shares during the period. Finally, Vanguard Group Inc. increased its position in SPS Commerce by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker's stock worth $803,798,000 after buying an additional 58,525 shares during the period. 98.96% of the stock is 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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