SPS Commerce (SPSC) to Release Earnings on Thursday

SPS Commerce (NASDAQ:SPSC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC) last announced 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 net margin of 12.26% and a return on equity of 12.18%. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. On average, analysts expect SPS Commerce to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SPS Commerce Trading Down 1.0 %

NASDAQ SPSC opened at $161.70 on Thursday. The firm’s fifty day moving average price is $182.72 and its two-hundred day moving average price is $179.12. SPS Commerce has a 1 year low of $140.00 and a 1 year high of $218.74. The firm has a market capitalization of $6.00 billion, a P/E ratio of 91.88 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPSC. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, February 9th. Finally, Citigroup began coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $199.67.

Insider Buying and Selling at SPS Commerce

In other news, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the sale, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the transaction, the director now owns 89,940 shares in the company, valued at $16,137,034.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock worth $12,122,275. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPSC. Metropolitan Life Insurance Co NY grew its holdings in shares of SPS Commerce by 3.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,232 shares of the software maker’s stock worth $287,000 after purchasing an additional 78 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in SPS Commerce by 21.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460 shares of the software maker’s stock valued at $59,000 after buying an additional 80 shares during the period. BOKF NA lifted its position in SPS Commerce by 10.6% during the fourth quarter. BOKF NA now owns 886 shares of the software maker’s stock valued at $172,000 after buying an additional 85 shares during the period. Creative Planning lifted its position in SPS Commerce by 3.1% during the third quarter. Creative Planning now owns 3,147 shares of the software maker’s stock valued at $537,000 after buying an additional 96 shares during the period. Finally, State of Wyoming raised its position in shares of SPS Commerce by 40.2% in the 4th quarter. State of Wyoming now owns 356 shares of the software maker’s stock worth $46,000 after purchasing an additional 102 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

About SPS Commerce

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.