Stifel Nicolaus Has Lowered Expectations for SPS Commerce (NASDAQ:SPSC) Stock Price

SPS Commerce (NASDAQ:SPSC - Free Report) had its price target lowered by Stifel Nicolaus from $250.00 to $225.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the software maker's stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler initiated coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a "neutral" rating and a $198.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday. Finally, Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.00.

SPS Commerce Stock Performance

SPSC traded up $4.04 during midday trading on Friday, reaching $186.85. The company had a trading volume of 193,221 shares, compared to its average volume of 163,111. The business has a 50-day moving average price of $186.00 and a two-hundred day moving average price of $191.39. SPS Commerce has a 12-month low of $160.58 and a 12-month high of $218.74. The stock has a market cap of $7.02 billion, a PE ratio of 89.40 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million for 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 revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, research analysts anticipate that SPS Commerce will post 2.38 earnings per share for the current year.

Insider Activity

In other news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction that occurred 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 sale, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares of the company's stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of SPS Commerce

Several large investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its position in SPS Commerce by 13.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,010 shares of the software maker's stock valued at $186,000 after acquiring an additional 120 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPS Commerce by 69.4% during 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 in the last quarter. Lord Abbett & CO. LLC grew its stake in SPS Commerce by 27.9% in the third quarter. Lord Abbett & CO. LLC now owns 283,685 shares of the software maker's stock worth $55,083,000 after purchasing an additional 61,907 shares during the period. Franklin Resources Inc. raised its holdings in SPS Commerce by 94.5% in 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 in the last quarter. Finally, Synovus Financial Corp bought a new position in SPS Commerce in the third quarter worth $1,809,000. Institutional investors own 98.96% of the company's stock.

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.