SPS Commerce (NASDAQ:SPSC – Get Rating) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.48-$0.49 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $108.3-$109.3 million, compared to the consensus revenue estimate of $109.24 million.SPS Commerce also updated its FY22 guidance to $2.07-$2.09 EPS.
Shares of NASDAQ:SPSC traded down $2.35 during mid-day trading on Friday, reaching $119.63. 203,500 shares of the stock were exchanged, compared to its average volume of 135,004. The company has a market cap of $4.32 billion, a P/E ratio of 94.20 and a beta of 0.81. SPS Commerce has a one year low of $91.05 and a one year high of $174.42. The stock’s 50 day simple moving average is $126.41 and its 200-day simple moving average is $134.36.
SPS Commerce (NASDAQ:SPSC – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. SPS Commerce had a return on equity of 10.10% and a net margin of 11.57%. The firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $104.50 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that SPS Commerce will post 1.36 EPS for the current fiscal year.
In related news, CFO Kimberly K. Nelson sold 6,859 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $124.36, for a total transaction of $852,985.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James J. Frome sold 16,843 shares of SPS Commerce stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $129.17, for a total value of $2,175,610.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,724 shares of company stock valued at $7,547,420. Insiders own 1.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SPSC. Morgan Stanley increased its stake in SPS Commerce by 1.4% during the 2nd quarter. Morgan Stanley now owns 314,223 shares of the software maker’s stock worth $31,375,000 after acquiring an additional 4,382 shares during the period. Barclays PLC increased its stake in SPS Commerce by 56.6% during the 4th quarter. Barclays PLC now owns 51,303 shares of the software maker’s stock worth $7,303,000 after acquiring an additional 18,551 shares during the period. Squarepoint Ops LLC bought a new position in SPS Commerce during the 4th quarter worth $304,000. Cetera Investment Advisers bought a new position in SPS Commerce during the 4th quarter worth $239,000. Finally, Millennium Management LLC increased its stake in SPS Commerce by 14.8% during the 4th quarter. Millennium Management LLC now owns 77,323 shares of the software maker’s stock worth $11,007,000 after acquiring an additional 9,965 shares during the period. 99.00% of the stock is owned by institutional investors and hedge funds.
SPS Commerce Company Profile (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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