SPS Commerce, Inc. (NASDAQ:SPSC) Receives $223.63 Consensus PT from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $223.63.

A number of equities research analysts recently commented on the company. Northland Capmk lowered SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Needham & Company LLC reissued a "buy" rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Northland Securities downgraded shares of SPS Commerce from an "outperform" rating to a "market perform" rating and raised their price target for the company from $205.00 to $209.00 in a report on Monday, July 29th. Stifel Nicolaus raised their price target on SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, DA Davidson raised their price target on SPS Commerce from $225.00 to $240.00 and gave the company a "buy" rating in a report on Friday, July 26th.

SPS Commerce Trading Down 0.2 %

NASDAQ SPSC traded down $0.33 during trading on Monday, hitting $176.26. 175,212 shares of the company's stock were exchanged, compared to its average volume of 184,537. The company has a market cap of $6.62 billion, a PE ratio of 84.33 and a beta of 0.84. SPS Commerce has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The stock's 50 day moving average price is $187.26 and its two-hundred day moving average price is $191.43.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Analysts forecast that SPS Commerce will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of SPS Commerce

A number of large investors have recently made changes to their positions in SPSC. Janney Montgomery Scott LLC increased its holdings in SPS Commerce by 18.7% during the first quarter. Janney Montgomery Scott LLC now owns 2,388 shares of the software maker's stock valued at $442,000 after buying an additional 377 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of SPS Commerce by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,402 shares of the software maker's stock worth $1,369,000 after purchasing an additional 509 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of SPS Commerce by 13.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,909 shares of the software maker's stock valued at $2,202,000 after purchasing an additional 1,430 shares during the period. Blair William & Co. IL increased its stake in shares of SPS Commerce by 7.3% during the first quarter. Blair William & Co. IL now owns 5,300 shares of the software maker's stock valued at $980,000 after buying an additional 362 shares during the period. Finally, Vanguard Group Inc. increased its position in SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker's stock valued at $803,798,000 after purchasing an additional 58,525 shares during the period. 98.96% of the stock is currently owned by institutional investors.

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.