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.
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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