SPS Commerce (NASDAQ:SPSC) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of SPS Commerce (NASDAQ:SPSC) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $180.00 price target on the software maker’s stock. Morgan Stanley’s target price indicates a potential upside of 30.33% from the stock’s current price.

A number of other brokerages have also commented on SPSC. Robert W. Baird raised their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Cantor Fitzgerald started coverage on shares of 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 lowered their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.30.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $138.11 on Monday. The firm has a 50 day simple moving average of $140.80 and a 200 day simple moving average of $147.82. SPS Commerce has a 52 week low of $120.09 and a 52 week high of $218.61. The company has a market cap of $5.25 billion, a PE ratio of 64.54 and a beta of 0.71.

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

Institutional Trading of SPS Commerce

Large investors have recently added to or reduced their stakes in the business. Journey Strategic Wealth LLC lifted its stake in shares of SPS Commerce by 4.3% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock valued at $255,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of SPS Commerce by 60.6% during the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Amica Retiree Medical Trust raised its stake in shares of SPS Commerce by 19.4% in the 4th quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock valued at $95,000 after acquiring an additional 84 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in SPS Commerce by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock worth $1,230,000 after purchasing an additional 90 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in SPS Commerce by 1.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock worth $1,476,000 after purchasing an additional 91 shares during the period. 98.96% of the stock is owned by institutional investors.

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.