SPS Commerce (SPSC) to Release Earnings on Thursday

SPS Commerce (NASDAQ:SPSC) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. On average, analysts expect SPS Commerce to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SPS Commerce Stock Down 1.0 %

Shares of NASDAQ SPSC opened at $161.70 on Thursday. The firm has a 50-day simple moving average of $182.72 and a 200-day simple moving average of $179.12. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 91.88 and a beta of 0.79. SPS Commerce has a 52 week low of $140.00 and a 52 week high of $218.74.

Insider Transactions at SPS Commerce

In other SPS Commerce news, COO James J. Frome sold 12,887 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the transaction, the chief operating officer now owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the sale, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at approximately $7,954,030.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,688 shares of company stock valued at $12,122,275. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of SPS Commerce by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,288,681 shares of the software maker’s stock worth $831,318,000 after buying an additional 38,132 shares during the last quarter. State Street Corp increased its stake in SPS Commerce by 2.9% in the second quarter. State Street Corp now owns 1,283,600 shares of the software maker’s stock valued at $246,528,000 after purchasing an additional 36,231 shares in the last quarter. Morgan Stanley boosted its holdings in shares of SPS Commerce by 156.5% in the fourth quarter. Morgan Stanley now owns 800,226 shares of the software maker’s stock valued at $102,773,000 after buying an additional 488,227 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SPS Commerce by 9.4% in the first quarter. Geode Capital Management LLC now owns 734,766 shares of the software maker’s stock valued at $111,905,000 after buying an additional 62,850 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of SPS Commerce by 654.0% in the fourth quarter. Alliancebernstein L.P. now owns 676,583 shares of the software maker’s stock valued at $86,894,000 after buying an additional 586,851 shares during the period. Institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the subject of a number of recent research reports. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research report on Friday, February 9th. Finally, Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.67.

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.