SPS Commerce, Inc. (NASDAQ:SPSC) Receives $220.78 Average Price Target from Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $220.78.

Several brokerages have issued reports on SPSC. Piper Sandler began coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Robert W. Baird raised their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus upped their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th.

Insider Buying and Selling

In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the sale, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. DT Investment Partners LLC bought a new position in shares of SPS Commerce in the 2nd quarter valued at about $63,000. Signaturefd LLC increased its stake in shares of SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of SPS Commerce by 1,358.3% in the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after purchasing an additional 326 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $192.38 on Friday. The stock has a market cap of $7.23 billion, a PE ratio of 92.05 and a beta of 0.86. The stock has a 50-day moving average of $187.10 and a 200-day moving average of $191.19. SPS Commerce has a one year low of $160.58 and a one year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts anticipate that SPS Commerce will post 2.38 earnings per share for the current year.

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.