SPS Commerce (NASDAQ:SPSC - Free Report) had its price target reduced by Robert W. Baird from $188.00 to $175.00 in a report released on Tuesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the software maker's stock.
Other equities analysts also recently issued research reports about the company. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Northland Securities restated a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday. Needham & Company LLC cut their target price on SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a research report on Tuesday. Stifel Nicolaus cut their target price on SPS Commerce from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, Piper Sandler began coverage on SPS Commerce in a research report on Monday, November 25th. They set a "neutral" rating and a $198.00 target price for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.11.
Check Out Our Latest Stock Report on SPS Commerce
SPS Commerce Stock Performance
Shares of NASDAQ:SPSC traded down $1.28 during trading on Tuesday, hitting $147.22. 228,216 shares of the stock were exchanged, compared to its average volume of 261,897. SPS Commerce has a 1-year low of $146.91 and a 1-year high of $218.61. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 70.45 and a beta of 0.88. The company's fifty day simple moving average is $186.73 and its 200-day simple moving average is $189.28.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. On average, research analysts forecast that SPS Commerce will post 2.38 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now directly owns 23,833 shares of the company's stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now directly owns 147,002 shares of the company's stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,230 shares of company stock valued at $6,379,187. Company insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after acquiring an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of SPS Commerce in the third quarter valued at approximately $3,178,000. Synovus Financial Corp acquired a new position in shares of SPS Commerce in the third quarter valued at approximately $1,809,000. JPMorgan Chase & Co. grew its position in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker's stock valued at $49,404,000 after purchasing an additional 104,210 shares during the last quarter. Finally, State Street Corp grew its position in shares of SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock valued at $280,398,000 after purchasing an additional 16,357 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.
SPS Commerce Company Profile
(
Get Free Report)
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.
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