SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Rating of “Moderate Buy” from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Five 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 target among brokers that have issued ratings on the stock in the last year is $207.11.

Several brokerages recently weighed in on SPSC. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Piper Sandler reduced their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus cut their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 4,034 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the transaction, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at approximately $361,974,568.56. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,695 shares of company stock valued at $7,781,086 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Creative Planning raised its position in SPS Commerce by 13.6% in the 3rd quarter. Creative Planning now owns 10,069 shares of the software maker’s stock worth $1,955,000 after purchasing an additional 1,204 shares during the period. Blue Trust Inc. raised its holdings 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 acquiring an additional 100 shares in the last quarter. Signaturefd LLC lifted its position in shares of SPS Commerce by 26.0% in 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 period. International Assets Investment Management LLC lifted its holdings in SPS Commerce by 9,418.6% during the third quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after buying an additional 9,607 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in SPS Commerce by 4.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock valued at $256,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Up 0.1 %

NASDAQ:SPSC opened at $132.16 on Wednesday. The company has a 50-day moving average price of $172.96 and a 200-day moving average price of $183.83. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 64.78 and a beta of 0.88. SPS Commerce has a 12 month low of $130.43 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Equities analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

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.