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

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $207.11.

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. 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 report on Tuesday, February 11th. Needham & Company LLC decreased their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Robert W. Baird dropped their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price target 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.

Insider Buying and Selling at SPS Commerce

In related news, CEO Chadwick Collins sold 2,840 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares in the company, valued at $4,773,988.23. The trade was a 19.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,695 shares of company stock valued at $7,781,086 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in SPS Commerce by 22.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,774 shares of the software maker’s stock worth $2,718,000 after purchasing an additional 2,714 shares during the period. Palisades Investment Partners LLC raised its position in shares of SPS Commerce by 9.4% during the 4th quarter. Palisades Investment Partners LLC now owns 49,548 shares of the software maker’s stock worth $9,116,000 after buying an additional 4,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of SPS Commerce by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,493 shares of the software maker’s stock worth $21,618,000 after acquiring an additional 15,194 shares during the period. Voloridge Investment Management LLC lifted its stake in shares of SPS Commerce by 18.2% in the 4th quarter. Voloridge Investment Management LLC now owns 72,313 shares of the software maker’s stock worth $13,305,000 after acquiring an additional 11,138 shares during the period. Finally, Sovereign s Capital Management LLC bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $481,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

SPS Commerce stock opened at $138.43 on Wednesday. SPS Commerce has a 12-month low of $136.04 and a 12-month high of $218.61. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 67.86 and a beta of 0.88. The firm’s fifty day moving average price is $177.43 and its 200 day moving average price is $185.57.

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 analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Analysts forecast that SPS Commerce will post 2.73 earnings per share for the current fiscal 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.