Robert W. Baird Increases SPS Commerce (NASDAQ:SPSC) Price Target to $178.00

SPS Commerce (NASDAQ:SPSC) had its price objective boosted by investment analysts at Robert W. Baird from $172.00 to $178.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s target price would suggest a potential downside of 0.54% from the company’s current price.

A number of other research analysts have also recently weighed in on SPSC. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday. Citigroup assumed coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. Finally, StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.57.

SPS Commerce Trading Up 5.6 %

Shares of SPS Commerce stock opened at $178.96 on Friday. SPS Commerce has a 12-month low of $140.00 and a 12-month high of $218.74. The stock has a market cap of $6.64 billion, a PE ratio of 97.79 and a beta of 0.79. The company has a 50-day moving average of $178.97 and a two-hundred day moving average of $179.08.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.31%. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. On average, sell-side analysts forecast that SPS Commerce will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at approximately $27,027,283.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the transaction, the chief financial officer now owns 147,553 shares in the company, valued at approximately $27,027,283.01. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the completion of the transaction, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The disclosure for this sale can be found here. In the last three months, insiders sold 66,688 shares of company stock valued at $12,122,275. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of SPS Commerce by 10.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after purchasing an additional 56 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of SPS Commerce by 1.7% during the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after acquiring an additional 64 shares in the last quarter. Wealth Alliance lifted its holdings in shares of SPS Commerce by 4.4% during the 4th quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock valued at $324,000 after acquiring an additional 71 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of SPS Commerce by 8.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker’s stock valued at $179,000 after acquiring an additional 79 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of SPS Commerce by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock valued at $5,051,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

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.