Shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $196.57.
Several brokerages have recently commented on SPSC. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday, April 26th. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, April 26th.
Read Our Latest Analysis on SPSC
Insider Activity at SPS Commerce
Institutional Trading of SPS Commerce
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in SPS Commerce by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after acquiring an additional 33,874 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after purchasing an additional 5,456 shares during the last quarter. Northern Trust Corp boosted its position in shares of SPS Commerce by 1.0% in the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock worth $83,780,000 after purchasing an additional 4,764 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in SPS Commerce by 102.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock worth $5,776,000 after buying an additional 15,110 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in SPS Commerce by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock valued at $33,316,000 after buying an additional 43,191 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.
SPS Commerce Stock Performance
NASDAQ SPSC opened at $182.41 on Thursday. The company has a market capitalization of $6.75 billion, a PE ratio of 99.68 and a beta of 0.81. The business’s fifty day moving average is $178.39 and its 200 day moving average is $179.49. SPS Commerce has a fifty-two week low of $147.90 and a fifty-two week high of $218.74.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. On average, sell-side analysts forecast that SPS Commerce will post 2.23 EPS for the current 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.
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