SPS Commerce (NASDAQ:SPSC) Price Target Raised to $159.00

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its target price raised by Robert W. Baird from $154.00 to $159.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. Robert W. Baird's price target suggests a potential upside of 13.95% from the company's current price.

SPSC has been the subject of a number of other research reports. DA Davidson cut their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday. Citigroup dropped their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, Northland Securities reissued a "market perform" rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $198.11.

SPS Commerce Trading Up 1.2 %

Shares of NASDAQ:SPSC traded up $1.72 on Friday, reaching $139.53. 583,212 shares of the company's stock were exchanged, compared to its average volume of 237,247. The company has a fifty day moving average of $131.77 and a 200-day moving average of $165.57. SPS Commerce has a twelve month low of $120.09 and a twelve month high of $218.61. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 68.40 and a beta of 0.89.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The firm had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same quarter in the prior year, the business posted $0.86 EPS. The business's revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the 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 sale, the chief financial officer now owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SPS Commerce

Several large investors have recently modified their holdings of SPSC. MassMutual Private Wealth & Trust FSB increased its position in shares of SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after buying an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the fourth quarter worth $40,000. Hurley Capital LLC acquired a new stake in SPS Commerce in the fourth quarter worth $41,000. Blue Trust Inc. increased its stake in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after purchasing an additional 374 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

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.