SPS Commerce, Inc. (NASDAQ:SPSC) Receives $196.57 Consensus PT from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $196.57.

Several brokerages have recently commented on SPSC. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday, April 26th. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, April 26th.

Insider Activity at SPS Commerce

In related news, Director Archie C. Black sold 8,723 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the completion of the sale, the director now owns 71,852 shares in the company, valued at $13,045,449.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sven Wehrwein sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the completion of the transaction, the director now owns 71,852 shares in the company, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,019 shares of company stock worth $5,186,345. Company insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in SPS Commerce by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after acquiring an additional 33,874 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after purchasing an additional 5,456 shares during the last quarter. Northern Trust Corp boosted its position in shares of SPS Commerce by 1.0% in the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after purchasing an additional 4,764 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in SPS Commerce by 102.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock worth $5,776,000 after buying an additional 15,110 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in SPS Commerce by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock valued at $33,316,000 after buying an additional 43,191 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $182.41 on Thursday. The company has a market capitalization of $6.75 billion, a PE ratio of 99.68 and a beta of 0.81. The business’s fifty day moving average is $178.39 and its 200 day moving average is $179.49. SPS Commerce has a fifty-two week low of $147.90 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. On average, sell-side analysts forecast that SPS Commerce will post 2.23 EPS for the current year.

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.