SPS Commerce (NASDAQ:SPSC) Price Target Lowered to $200.00 at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC - Free Report) had its target price lowered by Stifel Nicolaus from $225.00 to $200.00 in a research note published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker's stock.

A number of other research firms have also issued reports on SPSC. Citigroup reduced their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Robert W. Baird reduced their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday. Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday. Needham & Company LLC reduced their price target on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Northland Securities reissued a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Stock Down 0.9 %

Shares of SPS Commerce stock traded down $1.28 during midday trading on Tuesday, hitting $147.22. The company had a trading volume of 228,216 shares, compared to its average volume of 261,897. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 70.45 and a beta of 0.88. The company has a fifty day simple moving average of $186.73 and a 200 day simple moving average of $189.28. SPS Commerce has a 12-month low of $146.91 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced 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 net margin of 12.83% and a return on equity of 12.60%. As a group, analysts expect that SPS Commerce will post 2.38 EPS for the current year.

Insider Activity

In related news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at $26,620,592.18. This represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,230 shares of company stock valued at $6,379,187 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in SPSC. FMR LLC grew its stake 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 acquiring an additional 742,686 shares during the period. Norges Bank acquired a new stake in SPS Commerce during the 4th quarter worth $81,543,000. JPMorgan Chase & Co. boosted its stake in SPS Commerce by 99.3% during the 4th 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. boosted its stake in SPS Commerce by 94.5% during the 3rd 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in SPS Commerce during the 4th quarter worth $27,441,000. Institutional investors and hedge funds 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.