Stifel Nicolaus Lowers SPS Commerce (NASDAQ:SPSC) Price Target to $200.00

SPS Commerce (NASDAQ:SPSC) had its target price cut by investment analysts at Stifel Nicolaus from $225.00 to $200.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 32.90% from the stock’s current price.

A number of other analysts have also recently commented on SPSC. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday. Robert W. Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Needham & Company LLC lowered their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Piper Sandler decreased their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $26.68 on Tuesday, reaching $150.49. The stock had a trading volume of 257,828 shares, compared to its average volume of 221,487. The stock has a market cap of $5.65 billion, a P/E ratio of 72.10 and a beta of 0.88. SPS Commerce has a 1 year low of $148.65 and a 1 year high of $218.61. The company has a 50 day simple moving average of $188.36 and a 200 day simple moving average of $189.93.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. On average, equities research analysts anticipate that SPS Commerce will post 2.38 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the transaction, the executive vice president now owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,230 shares of company stock valued at $6,379,187. 1.00% of the stock is owned by company insiders.

Institutional Trading of SPS Commerce

Several hedge funds have recently modified their holdings of SPSC. Blue Trust Inc. increased its position 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. Advisors Asset Management Inc. grew its stake in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of SPS Commerce in the 4th quarter worth about $40,000. R Squared Ltd purchased a new stake in shares of SPS Commerce during the 4th quarter valued at about $57,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of SPS Commerce in the 4th quarter valued at about $57,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

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.