SPS Commerce (NASDAQ:SPSC) Research Coverage Started at Piper Sandler

Piper Sandler began coverage on shares of SPS Commerce (NASDAQ:SPSC) in a research report report published on Monday, Marketbeat reports. The firm issued a neutral rating and a $198.00 price target on the software maker’s stock.

SPSC has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus upped their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Finally, Robert W. Baird boosted their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.78.

SPS Commerce Price Performance

SPSC stock opened at $192.57 on Monday. SPS Commerce has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 92.50 and a beta of 0.84. The business’s fifty day moving average price is $186.67 and its two-hundred day moving average price is $191.26.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue was up 20.7% on a year-over-year basis. Research analysts expect that SPS Commerce will post 2.39 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after buying an additional 16,357 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in SPS Commerce by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after acquiring an additional 21,170 shares in the last quarter. Geode Capital Management LLC grew its stake in SPS Commerce by 1.5% in the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after acquiring an additional 14,174 shares during the period. FMR LLC increased its holdings in shares of SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after acquiring an additional 104,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of SPS Commerce by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after purchasing an additional 12,552 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

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.