SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $199.89.

Several equities research analysts recently issued reports on SPSC shares. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Northland Securities reiterated a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler dropped their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th.

Insider Activity

In related news, EVP Dan Juckniess sold 2,591 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,864 shares of company stock valued at $6,613,078. Company insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Institutional investors and hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock valued at $30,000 after buying an additional 125 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of SPS Commerce in the 4th quarter valued at $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce during the 4th quarter valued at $41,000. Blue Trust Inc. boosted its stake in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after acquiring an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker’s stock worth $51,000 after purchasing an additional 374 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 1.6 %

Shares of SPS Commerce stock opened at $128.66 on Thursday. The firm’s 50-day moving average price is $134.83 and its two-hundred day moving average price is $169.23. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 63.07 and a beta of 0.89. SPS Commerce has a 12-month low of $120.09 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, sell-side analysts expect that SPS Commerce will post 2.73 earnings per share 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.