SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $121.01 and last traded at $124.45, with a volume of 983 shares. The stock had previously closed at $129.63.
Analyst Ratings Changes
Several analysts have issued reports on SPSC shares. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.11.
Check Out Our Latest Report on SPSC
SPS Commerce Trading Up 10.4 %
The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 66.39 and a beta of 0.89. The company has a fifty day moving average price of $141.77 and a 200-day moving average price of $171.88.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results 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 12.08% and a return on equity of 12.27%. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.
Insider Buying and Selling at SPS Commerce
In related news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. This trade represents a 0.19 % 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, CEO Chadwick Collins sold 2,840 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,864 shares of company stock valued at $6,613,078. Company insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On SPS Commerce
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Quantinno Capital Management LP grew its holdings in shares of SPS Commerce by 8.3% in the third quarter. Quantinno Capital Management LP now owns 1,925 shares of the software maker's stock valued at $374,000 after purchasing an additional 148 shares during the period. State Street Corp grew its stake in shares of SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock valued at $280,398,000 after buying an additional 16,357 shares during the period. Jane Street Group LLC increased its holdings in shares of SPS Commerce by 80.0% during the 3rd quarter. Jane Street Group LLC now owns 68,424 shares of the software maker's stock worth $13,286,000 after buying an additional 30,403 shares during the last quarter. Zacks Investment Management raised its position in shares of SPS Commerce by 7.6% during the 3rd quarter. Zacks Investment Management now owns 9,047 shares of the software maker's stock valued at $1,757,000 after buying an additional 637 shares during the period. Finally, MML Investors Services LLC lifted its holdings in SPS Commerce by 4.1% in the third quarter. MML Investors Services LLC now owns 9,450 shares of the software maker's stock valued at $1,835,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.
About SPS Commerce
(
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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