Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) Price Target at $192.56

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $192.56.

Several equities research analysts have recently commented on SPSC shares. Robert W. Baird upped their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Cantor Fitzgerald started coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 price target for the company. DA Davidson decreased their price objective on SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th.

SPS Commerce Stock Performance

SPSC stock opened at $141.55 on Tuesday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 66.15 and a beta of 0.71. The business’s 50-day moving average is $141.43 and its two-hundred day moving average is $150.98. SPS Commerce has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. Equities analysts predict that SPS Commerce will post 2.73 earnings per share for the current year.

Institutional Trading of SPS Commerce

Several institutional investors have recently made changes to their positions in SPSC. Amalgamated Bank lifted its holdings in SPS Commerce by 0.6% in the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after purchasing an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock valued at $231,000 after buying an additional 71 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of SPS Commerce by 4.3% in the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock worth $255,000 after buying an additional 79 shares in the last quarter. Amica Retiree Medical Trust lifted its holdings in shares of SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock worth $95,000 after buying an additional 84 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in shares of SPS Commerce by 1.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.