SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) have earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $168.86.

Several brokerages have recently weighed in on SPSC. StockNews.com began coverage on shares of SPS Commerce in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a report on Saturday. Loop Capital cut their price objective on shares of SPS Commerce from $195.00 to $175.00 in a report on Thursday, February 10th. Finally, JMP Securities dropped their target price on shares of SPS Commerce from $180.00 to $160.00 and set a “market outperform” rating for the company in a research report on Thursday, February 10th.

In other SPS Commerce news, CEO Archie C. Black sold 14,309 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $127.89, for a total value of $1,829,978.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James J. Frome sold 16,843 shares of the stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $129.17, for a total transaction of $2,175,610.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,724 shares of company stock valued at $7,547,420. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently modified their holdings of SPSC. Morgan Stanley grew its position in shares of SPS Commerce by 1.4% during the second quarter. Morgan Stanley now owns 314,223 shares of the software maker’s stock worth $31,375,000 after buying an additional 4,382 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of SPS Commerce by 61.1% during the third quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the software maker’s stock worth $930,000 after buying an additional 2,188 shares in the last quarter. Xponance Inc. acquired a new stake in shares of SPS Commerce during the third quarter worth approximately $273,000. PNC Financial Services Group Inc. grew its position in shares of SPS Commerce by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 8,680 shares of the software maker’s stock worth $1,400,000 after buying an additional 151 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its position in shares of SPS Commerce by 75.3% during the third quarter. Advisor Group Holdings Inc. now owns 7,927 shares of the software maker’s stock worth $1,271,000 after buying an additional 3,405 shares in the last quarter. 99.00% of the stock is owned by institutional investors.

NASDAQ:SPSC opened at $119.63 on Friday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 94.20 and a beta of 0.81. The company’s 50-day moving average is $126.41 and its two-hundred day moving average is $134.18. SPS Commerce has a 12-month low of $91.05 and a 12-month high of $174.42.

SPS Commerce (NASDAQ:SPSCGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The software maker reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.08. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $104.50 million. SPS Commerce had a net margin of 11.57% and a return on equity of 10.10%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. As a group, equities analysts predict that SPS Commerce will post 1.36 earnings per share for the current year.

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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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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