SPS Commerce, Inc. (NASDAQ:SPSC) Receives $198.11 Consensus Target Price from Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $195.38.

A number of research analysts have weighed in on SPSC shares. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. DA Davidson cut their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Northland Securities reissued a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus cut their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note 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 shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,465 shares of company stock worth $1,401,898 in the last ninety days. 0.98% of the stock is owned by insiders.

Institutional Investors Weigh In On SPS Commerce

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in SPS Commerce by 109.7% during the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after buying an additional 742,686 shares during the period. Norges Bank purchased a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $81,543,000. Nuveen LLC purchased a new stake in shares of SPS Commerce in the 1st quarter valued at approximately $37,546,000. JPMorgan Chase & Co. increased its position in shares of SPS Commerce by 99.3% in the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock valued at $93,286,000 after purchasing an additional 252,575 shares during the last quarter. Finally, Fiera Capital Corp purchased a new stake in shares of SPS Commerce in the 1st quarter valued at approximately $31,311,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $149.75 on Monday. The firm has a fifty day moving average price of $134.22 and a 200 day moving average price of $162.14. SPS Commerce has a 1 year low of $120.09 and a 1 year high of $218.61. The stock has a market cap of $5.69 billion, a PE ratio of 73.41 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The company had revenue of $181.55 million during the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities analysts expect that SPS Commerce will post 2.73 EPS for the current 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.