SPS Commerce, Inc. (NASDAQ:SPSC) Receives $207.11 Average Target Price from Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $207.11.

A number of analysts have commented on the company. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Robert W. Baird lowered their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price target 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. Finally, Needham & Company LLC lowered their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th.

SPS Commerce Trading Down 0.2 %

Shares of SPS Commerce stock opened at $135.00 on Friday. SPS Commerce has a 1 year low of $122.58 and a 1 year high of $218.61. The company’s fifty day simple moving average is $156.37 and its 200-day simple moving average is $176.80. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 66.18 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, research analysts forecast that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce 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 completion of the transaction, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,864 shares of company stock worth $6,613,078. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Hurley Capital LLC bought a new position in SPS Commerce in the 4th quarter worth approximately $41,000. Blue Trust Inc. lifted its holdings in SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares in the last quarter. Finally, R Squared Ltd bought a new position in SPS Commerce in the 4th quarter valued at $57,000. 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.