SPS Commerce, Inc. (NASDAQ:SPSC) Receives $58.61 Average PT from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has received a consensus rating of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $58.61.

Several research analysts have recently commented on SPSC shares. Oppenheimer decreased their price target on shares of SPS Commerce from $120.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, September 26th. Canaccord Genuity reduced their price target on shares of SPS Commerce to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. BidaskClub raised shares of SPS Commerce from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 19th. Finally, ValuEngine lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd.

SPSC opened at $48.27 on Monday. The stock’s fifty day moving average is $49.09 and its two-hundred day moving average is $90.79. The company has a market capitalization of $1.67 billion, a P/E ratio of 58.15, a PEG ratio of 3.67 and a beta of 0.63. SPS Commerce has a 52 week low of $37.92 and a 52 week high of $59.14. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.05.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. The company had revenue of $68.53 million for the quarter, compared to the consensus estimate of $68.13 million. SPS Commerce had a return on equity of 9.10% and a net margin of 11.69%. SPS Commerce’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Equities analysts anticipate that SPS Commerce will post 0.87 earnings per share for the current year.

In related news, CEO Archie C. Black sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the sale, the chief executive officer now directly owns 68,344 shares in the company, valued at approximately $7,859,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 10,009 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $112.46, for a total transaction of $1,125,612.14. Following the completion of the sale, the chief financial officer now owns 60,996 shares in the company, valued at $6,859,610.16. The disclosure for this sale can be found here. Insiders sold a total of 45,349 shares of company stock worth $5,120,617 over the last quarter. Insiders own 3.34% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPSC. Point72 Asset Management L.P. purchased a new stake in shares of SPS Commerce in the second quarter valued at about $31,000. Advisor Group Inc. increased its position in SPS Commerce by 28.3% during the 2nd quarter. Advisor Group Inc. now owns 857 shares of the software maker’s stock worth $87,000 after buying an additional 189 shares during the period. C M Bidwell & Associates Ltd. increased its position in SPS Commerce by 155.2% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 1,110 shares of the software maker’s stock worth $113,000 after buying an additional 675 shares during the period. DekaBank Deutsche Girozentrale bought a new position in SPS Commerce during the 2nd quarter worth $115,000. Finally, Atria Investments LLC bought a new position in SPS Commerce during the 2nd quarter worth $212,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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