SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) saw unusually-strong trading volume on Friday after Stifel Nicolaus raised their price target on the stock from $240.00 to $250.00. Stifel Nicolaus currently has a buy rating on the stock. Approximately 241,871 shares traded hands during trading, an increase of 36% from the previous session's volume of 177,740 shares.The stock last traded at $175.21 and had previously closed at $190.98.
A number of other equities analysts also recently weighed in on SPSC. Craig Hallum raised their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the company a "buy" rating in a research note 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. Robert W. Baird upped their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a "neutral" rating in a research note on Friday, July 26th. DA Davidson raised their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Northland Securities downgraded shares of SPS Commerce from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $223.38.
View Our Latest Report on SPS Commerce
Insider Buying and Selling
In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction on Friday, August 9th. The stock was 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 $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Institutional Trading of SPS Commerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPSC. Mather Group LLC. boosted its position in shares of SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker's stock worth $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC purchased a new stake in SPS Commerce in the 2nd quarter worth $30,000. Blue Trust Inc. raised its holdings in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after acquiring an additional 100 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of SPS Commerce in the first quarter valued at about $60,000. Finally, DT Investment Partners LLC bought a new position in shares of SPS Commerce in the second quarter worth about $63,000. 98.96% of the stock is owned by hedge funds and other institutional investors.
SPS Commerce Stock Down 10.7 %
The business has a 50 day moving average price of $193.22 and a two-hundred day moving average price of $190.55. The stock has a market cap of $6.33 billion, a P/E ratio of 91.26 and a beta of 0.82.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $151.87 million. During the same period last year, the firm posted $0.42 EPS. The company's revenue was up 17.8% on a year-over-year basis. On average, research analysts forecast that SPS Commerce, Inc. will post 2.32 earnings per share for the current year.
SPS Commerce Company Profile
(
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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