SPS Commerce, Inc. (NASDAQ:SPSC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $196.57.

A number of equities research analysts recently weighed in on SPSC shares. Citigroup began coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Robert W. Baird increased their target price on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th.

SPS Commerce Price Performance

SPSC opened at $188.97 on Thursday. The firm has a market capitalization of $7.00 billion, a P/E ratio of 103.26 and a beta of 0.81. SPS Commerce has a one year low of $149.98 and a one year high of $218.74. The company has a fifty day moving average price of $178.48 and a 200-day moving average price of $179.72.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. On average, analysts expect that SPS Commerce will post 2.23 earnings per share for the current year.

Insider Activity

In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $183.17, for a total value of $1,092,609.05. Following the transaction, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Archie C. Black sold 8,723 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now owns 71,852 shares in the company, valued at approximately $13,045,449.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 5,965 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,019 shares of company stock valued at $5,186,345. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPSC. Norges Bank bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $74,977,000. Wellington Management Group LLP boosted its stake in SPS Commerce by 4,691.6% during the 3rd quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker’s stock valued at $47,415,000 after purchasing an additional 272,113 shares during the last quarter. Norden Group LLC increased its holdings in shares of SPS Commerce by 2,034.7% in the 1st quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock worth $39,138,000 after purchasing an additional 201,764 shares in the last quarter. Comerica Bank bought a new stake in shares of SPS Commerce in the 3rd quarter worth $23,356,000. Finally, Ameriprise Financial Inc. raised its stake in shares of SPS Commerce by 27.6% in the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after purchasing an additional 128,788 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.