SPS Commerce (NASDAQ:SPSC) Price Target Increased to $178.00 by Analysts at Robert W. Baird

SPS Commerce (NASDAQ:SPSC) had its price target increased by Robert W. Baird from $172.00 to $178.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a buy rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday. Citigroup began coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a buy rating and a $216.00 price target on the stock. Finally, StockNews.com cut SPS Commerce from a buy rating to a hold rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $196.57.

SPS Commerce Price Performance

Shares of SPSC opened at $178.96 on Friday. The stock’s 50-day moving average is $178.97 and its two-hundred day moving average is $179.08. The stock has a market cap of $6.64 billion, a PE ratio of 97.79 and a beta of 0.79. SPS Commerce has a 12 month low of $140.00 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued 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 for the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. On average, research analysts anticipate that SPS Commerce will post 2.13 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now owns 15,747 shares in the company, valued at $3,102,631.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now owns 15,747 shares in the company, valued at $3,102,631.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO James J. Frome sold 12,887 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the transaction, the chief operating officer now directly owns 44,369 shares of the company’s stock, valued at $7,954,030.63. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock worth $12,122,275 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SPS Commerce

Several institutional investors have recently made changes to their positions in the stock. Triasima Portfolio Management inc. bought a new position in shares of SPS Commerce during the first quarter valued at approximately $218,000. UMB Bank n.a. grew its holdings in SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after buying an additional 164 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in SPS Commerce in the 1st quarter worth approximately $180,000. SYSTM Wealth Solutions LLC grew its holdings in SPS Commerce by 3,785.4% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 1,593 shares of the software maker’s stock worth $295,000 after buying an additional 1,552 shares in the last quarter. Finally, WCM Investment Management LLC grew its holdings in SPS Commerce by 0.4% in the 1st quarter. WCM Investment Management LLC now owns 102,555 shares of the software maker’s stock worth $18,962,000 after buying an additional 448 shares in the last quarter. 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.