SPS Commerce, Inc. (NASDAQ:SPSC) Receives $218.00 Average PT from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $218.00.

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Friday. Stifel Nicolaus decreased their price objective on SPS Commerce from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Friday. Piper Sandler initiated coverage on SPS Commerce in a report on Monday, November 25th. They set a "neutral" rating and a $198.00 target price for the company. Finally, Robert W. Baird lifted their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th.

SPS Commerce Price Performance

SPSC stock traded up $0.49 during mid-day trading on Tuesday, hitting $183.74. 172,139 shares of the stock were exchanged, compared to its average volume of 182,085. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 87.91 and a beta of 0.88. The business has a fifty day moving average price of $186.46 and a 200 day moving average price of $191.51. SPS Commerce has a 12 month low of $160.58 and a 12 month high of $218.74.

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, topping analysts' consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. SPS Commerce's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, equities analysts forecast that SPS Commerce will post 2.38 EPS for the current fiscal year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Juckniess sold 5,831 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares in the company, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in shares of SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares during the last quarter. AXA S.A. grew its holdings in shares of SPS Commerce by 19.4% during the second quarter. AXA S.A. now owns 29,391 shares of the software maker's stock valued at $5,530,000 after buying an additional 4,784 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce during the third quarter valued at approximately $3,178,000. Synovus Financial Corp bought a new stake in shares of SPS Commerce during the third quarter valued at approximately $1,809,000. Finally, Hsbc Holdings PLC raised its holdings in SPS Commerce by 448.2% in the 2nd quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker's stock worth $6,295,000 after acquiring an additional 27,376 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

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.