SPS Commerce, Inc. (NASDAQ:SPSC) Given Consensus Recommendation of “Moderate Buy” by Analysts

SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $157.50.

A number of equities analysts recently weighed in on SPSC shares. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of SPS Commerce in a research note on Friday, March 3rd. Craig Hallum lifted their target price on shares of SPS Commerce from $160.00 to $165.00 in a research note on Thursday, April 27th. Northland Securities raised their price target on shares of SPS Commerce from $151.00 to $154.00 in a report on Thursday, April 27th. StockNews.com began coverage on shares of SPS Commerce in a report on Thursday. They issued a “buy” rating for the company. Finally, JMP Securities raised their price target on shares of SPS Commerce from $150.00 to $165.00 and gave the stock a “market outperform” rating in a report on Friday, February 10th.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $160.12 on Friday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 102.64 and a beta of 0.78. The firm has a 50 day simple moving average of $150.12 and a 200 day simple moving average of $140.69. SPS Commerce has a one year low of $96.56 and a one year high of $160.96.

Insiders Place Their Bets

In other news, Director Sven Wehrwein sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $145.37, for a total value of $145,370.00. Following the sale, the director now owns 17,684 shares of the company’s stock, valued at $2,570,723.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Kimberly K. Nelson sold 4,159 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $146.88, for a total value of $610,873.92. Following the sale, the chief financial officer now owns 148,734 shares of the company’s stock, valued at $21,846,049.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sven Wehrwein sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $145.37, for a total transaction of $145,370.00. Following the completion of the sale, the director now directly owns 17,684 shares in the company, valued at approximately $2,570,723.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,145 shares of company stock valued at $3,992,158. Company insiders own 1.20% of the company’s stock.

Institutional Trading of SPS Commerce

Several hedge funds and other institutional investors have recently modified their holdings of SPSC. SG Americas Securities LLC grew its stake in SPS Commerce by 29.5% during the fourth quarter. SG Americas Securities LLC now owns 7,661 shares of the software maker’s stock valued at $984,000 after acquiring an additional 1,746 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in SPS Commerce during the third quarter valued at approximately $302,000. Fort Washington Investment Advisors Inc. OH grew its stake in SPS Commerce by 13.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 92,304 shares of the software maker’s stock valued at $11,855,000 after acquiring an additional 10,850 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in SPS Commerce during the third quarter valued at approximately $267,000. Finally, Axiom Investors LLC DE grew its stake in SPS Commerce by 20.7% during the fourth quarter. Axiom Investors LLC DE now owns 79,401 shares of the software maker’s stock valued at $10,197,000 after acquiring an additional 13,639 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.