SPS Commerce (NASDAQ:SPSC) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of SPS Commerce (NASDAQ:SPSC - Free Report) in a research report report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $210.00 price target on the software maker's stock.

Several other equities analysts have also issued reports on the stock. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus cut their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. DA Davidson reduced their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Northland Securities reaffirmed a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average price target of $198.11.

SPS Commerce Stock Down 0.9 %

NASDAQ SPSC traded down $1.22 during trading hours on Friday, hitting $137.81. The company's stock had a trading volume of 644,911 shares, compared to its average volume of 235,857. SPS Commerce has a twelve month low of $120.09 and a twelve month high of $218.61. The firm has a market capitalization of $5.24 billion, a P/E ratio of 67.55 and a beta of 0.89. The stock has a fifty day moving average of $131.91 and a 200 day moving average of $165.99.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The business had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. During the same period last year, the company earned $0.86 EPS. On average, analysts predict that SPS Commerce will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock valued at $6,613,078 over the last quarter. 0.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KBC Group NV grew its stake in shares of SPS Commerce by 8.1% in the first quarter. KBC Group NV now owns 1,651 shares of the software maker's stock worth $219,000 after purchasing an additional 124 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in SPS Commerce by 2.3% in the first quarter. Illinois Municipal Retirement Fund now owns 23,600 shares of the software maker's stock valued at $3,132,000 after purchasing an additional 535 shares in the last quarter. Legacy Advisors LLC increased its position in SPS Commerce by 21.9% in the 1st quarter. Legacy Advisors LLC now owns 3,539 shares of the software maker's stock valued at $470,000 after buying an additional 636 shares in the last quarter. Advisor Resource Council acquired a new position in shares of SPS Commerce during the first quarter worth approximately $439,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in SPS Commerce in the 1st quarter valued at $1,816,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.