SPS Commerce, Inc. (NASDAQ:SPSC) Receives $207.11 Average PT from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have received an average rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $207.11.

Several equities research analysts have weighed in on the company. Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Robert W. Baird reduced their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th.

Insiders Place Their Bets

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

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Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after buying an additional 742,686 shares in the last quarter. Norges Bank purchased a new stake in shares of SPS Commerce in the fourth quarter valued at about $81,543,000. JPMorgan Chase & Co. increased its position in SPS Commerce by 99.3% during the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock worth $93,286,000 after purchasing an additional 252,575 shares during the last quarter. Franklin Resources Inc. raised its stake in SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock worth $84,747,000 after purchasing an additional 210,284 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in SPS Commerce by 33.4% in the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after purchasing an additional 191,740 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Trading Down 0.2 %

Shares of SPSC stock traded down $0.31 during mid-day trading on Friday, reaching $135.00. The stock had a trading volume of 410,084 shares, compared to its average volume of 211,899. SPS Commerce has a 1-year low of $122.58 and a 1-year high of $218.61. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 66.18 and a beta of 0.92. The business's fifty day moving average is $156.37 and its 200-day moving average is $176.80.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, analysts forecast that SPS Commerce will post 2.73 earnings per share 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.