SPS Commerce (NASDAQ:SPSC) Given Buy Rating at Needham & Company LLC

SPS Commerce (NASDAQ:SPSC)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Friday, Benzinga reports. They currently have a $205.00 price target on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 20.99% from the company’s current price.

Several other equities research analysts also recently commented on SPSC. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Citigroup assumed coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.67.

SPS Commerce Trading Down 1.0 %

SPSC opened at $169.43 on Friday. The stock’s 50 day simple moving average is $179.25 and its 200-day simple moving average is $179.04. The stock has a market cap of $6.28 billion, a PE ratio of 96.27 and a beta of 0.79. SPS Commerce has a 1 year low of $140.00 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a net margin of 12.26% and a return on equity of 12.18%. Equities analysts forecast that SPS Commerce will post 2.13 earnings per share for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 12,907 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the transaction, the chief financial officer now directly owns 157,251 shares in the company, valued at $28,212,401.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total value of $2,315,644.87. Following the transaction, the chief financial officer now owns 157,251 shares in the company, valued at $28,212,401.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 5,197 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $187.44, for a total value of $974,125.68. Following the sale, the chief financial officer now directly owns 153,518 shares of the company’s stock, valued at $28,775,413.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock worth $12,122,275. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of SPS Commerce by 10.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after purchasing an additional 56 shares during the period. Arkadios Wealth Advisors raised its holdings in SPS Commerce by 1.7% during the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock worth $734,000 after buying an additional 64 shares during the period. Wealth Alliance grew its stake in shares of SPS Commerce by 4.4% during the 4th quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock worth $324,000 after acquiring an additional 71 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in SPS Commerce by 8.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,051 shares of the software maker’s stock valued at $179,000 after acquiring an additional 79 shares during the period. Finally, Stifel Financial Corp raised its stake in SPS Commerce by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock worth $5,051,000 after purchasing an additional 80 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Company Profile

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.