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

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $187.00.

Several equities research analysts recently issued reports on SPSC shares. DA Davidson reduced their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Cantor Fitzgerald started coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 target price for the company. Morgan Stanley started coverage on shares of SPS Commerce in a report on Monday, July 14th. They issued an “overweight” rating and a $180.00 target price for the company. Finally, Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday, July 18th.

SPS Commerce Trading Down 0.9%

SPS Commerce stock opened at $136.49 on Friday. The firm has a 50 day moving average of $139.33 and a 200 day moving average of $145.58. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 63.78 and a beta of 0.71. SPS Commerce has a 12-month low of $120.08 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts predict that SPS Commerce will post 2.73 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in SPSC. Envestnet Portfolio Solutions Inc. boosted its position in shares of SPS Commerce by 14.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,347 shares of the software maker’s stock valued at $592,000 after acquiring an additional 560 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of SPS Commerce by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 14,229 shares of the software maker’s stock valued at $1,936,000 after acquiring an additional 158 shares during the last quarter. CWM LLC boosted its position in shares of SPS Commerce by 120.4% during the 2nd quarter. CWM LLC now owns 1,589 shares of the software maker’s stock valued at $216,000 after acquiring an additional 868 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of SPS Commerce by 43.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,550 shares of the software maker’s stock valued at $1,300,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in shares of SPS Commerce by 22.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock valued at $2,285,000 after acquiring an additional 3,110 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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.