SPS Commerce (NASDAQ:SPSC) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

SPS Commerce (NASDAQ:SPSC - Get Free Report) announced its earnings results on Thursday. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.09, Briefing.com reports. The company 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 12.41% and a net margin of 12.31%. SPS Commerce's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS.

SPS Commerce Trading Down 10.7 %

SPSC traded down $20.49 during trading on Friday, reaching $170.49. 636,500 shares of the company were exchanged, compared to its average volume of 179,940. SPS Commerce has a 52 week low of $151.96 and a 52 week high of $218.74. The firm has a 50 day moving average of $192.69 and a 200 day moving average of $190.73. The stock has a market cap of $6.31 billion, a P/E ratio of 93.16 and a beta of 0.82.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. 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 lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. DA Davidson lifted their price target on SPS Commerce from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Northland Securities cut SPS Commerce from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Finally, Craig Hallum increased their target price on SPS Commerce from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $223.38.

Insider Buying and Selling at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.