Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $223.63

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $223.63.

A number of research analysts recently issued reports on SPSC shares. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Stifel Nicolaus lifted their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. Craig Hallum lifted their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $205.00 to $209.00 in a report on Monday, July 29th. Finally, DA Davidson lifted their price target on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

SPS Commerce Trading Up 1.3 %

Shares of NASDAQ SPSC opened at $179.87 on Monday. SPS Commerce has a twelve month low of $160.58 and a twelve month high of $218.74. The stock has a fifty day simple moving average of $186.75 and a 200-day simple moving average of $191.28. The stock has a market capitalization of $6.76 billion, a PE ratio of 86.06 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. SPS Commerce’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, equities analysts predict that SPS Commerce will post 2.39 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPSC. Mather Group LLC. lifted its stake in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of SPS Commerce during the 2nd quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of SPS Commerce during the 2nd quarter worth $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.