SPS Commerce, Inc. (NASDAQ:SPSC) Receives $207.11 Consensus PT from Analysts

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $207.11.

A number of brokerages have recently commented on SPSC. Piper Sandler dropped their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their price target on 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 reiterated a "market perform" rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 2,840 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction dated 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 owns 22,570 shares of the company's stock, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is owned by corporate insiders.

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Institutional Investors Weigh In On SPS Commerce

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after buying an additional 100 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the 4th quarter worth $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce during the 4th quarter valued at about $41,000. Blue Trust Inc. grew its holdings in shares of 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 during the period. Finally, R Squared Ltd acquired a new stake in SPS Commerce during the fourth quarter worth about $57,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 0.6 %

Shares of SPS Commerce stock traded up $0.86 during midday trading on Friday, hitting $135.86. The company had a trading volume of 201,289 shares, compared to its average volume of 213,011. The company has a fifty day simple moving average of $155.43 and a 200 day simple moving average of $176.44. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 66.60 and a beta of 0.92. SPS Commerce has a 12-month low of $122.58 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, analysts expect that SPS Commerce will post 2.73 EPS for the current year.

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.