SPS Commerce (SPSC) Scheduled to Post Quarterly Earnings on Thursday

SPS Commerce (NASDAQ:SPSC – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. SPS Commerce has set its Q1 2022 guidance at $0.460-$0.470 EPS and its FY 2022 guidance at $1.990-$2.020 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The software maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $102.76 million during the quarter, compared to analyst estimates of $100.54 million. SPS Commerce had a return on equity of 10.10% and a net margin of 11.57%. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, analysts expect SPS Commerce to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SPS Commerce stock opened at $127.99 on Thursday. The business has a fifty day simple moving average of $127.26 and a 200-day simple moving average of $136.25. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 105.78 and a beta of 0.81. SPS Commerce has a fifty-two week low of $91.05 and a fifty-two week high of $174.42.

SPSC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on SPS Commerce in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research raised SPS Commerce from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. JMP Securities cut their target price on SPS Commerce from $180.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 10th. Finally, Loop Capital cut their target price on SPS Commerce from $195.00 to $175.00 in a research report on Thursday, February 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Buy” and an average price target of $167.88.

In other SPS Commerce news, CEO Archie C. Black sold 22,004 shares of the company’s stock in a transaction dated Thursday, January 27th. The stock was sold at an average price of $115.20, for a total value of $2,534,860.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Archie C. Black sold 14,309 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $127.89, for a total value of $1,829,978.01. The disclosure for this sale can be found here. Insiders have sold 90,400 shares of company stock worth $11,080,636 over the last three months. 1.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of SPS Commerce by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,712,611 shares of the software maker’s stock worth $813,189,000 after acquiring an additional 174,948 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of SPS Commerce by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 49,926 shares of the software maker’s stock worth $7,107,000 after acquiring an additional 1,060 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of SPS Commerce by 1.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 29,268 shares of the software maker’s stock worth $4,166,000 after acquiring an additional 305 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of SPS Commerce by 24.0% during the 4th quarter. NEXT Financial Group Inc now owns 3,267 shares of the software maker’s stock worth $465,000 after acquiring an additional 632 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of SPS Commerce during the 4th quarter worth about $443,000. 99.00% of the stock is currently owned by institutional investors.

About SPS Commerce (Get Rating)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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