SPS Commerce (NASDAQ:SPSC) Given New $250.00 Price Target at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its price target upped by investment analysts at Stifel Nicolaus from $240.00 to $250.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 46.64% from the stock’s previous close.

SPSC has been the subject of a number of other reports. Robert W. Baird lifted their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. DA Davidson raised their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Craig Hallum raised their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $223.38.

SPS Commerce Trading Down 10.7 %

SPS Commerce stock opened at $170.49 on Friday. The business’s 50 day simple moving average is $192.69 and its 200 day simple moving average is $190.58. SPS Commerce has a 12 month low of $151.96 and a 12 month high of $218.74. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 88.80 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $153.60 million for the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, equities research analysts forecast that SPS Commerce will post 2.32 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Trading of SPS Commerce

Hedge funds have recently bought and sold shares of the company. Mather Group LLC. raised its stake in shares of SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in SPS Commerce in the 2nd quarter worth $30,000. Blue Trust Inc. lifted its stake in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in SPS Commerce during the first quarter valued at about $60,000. Finally, DT Investment Partners LLC purchased a new position in shares of SPS Commerce in the second quarter worth about $63,000. 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.