SPS Commerce, Inc. (NASDAQ:SPSC) to Post Q2 2024 Earnings of $0.54 Per Share, DA Davidson Forecasts

SPS Commerce, Inc. (NASDAQ:SPSC) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of SPS Commerce in a research report issued on Friday, April 26th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings of $0.54 per share for the quarter. The consensus estimate for SPS Commerce’s current full-year earnings is $2.13 per share. DA Davidson also issued estimates for SPS Commerce’s FY2025 earnings at $2.71 EPS.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%.

A number of other brokerages have also issued reports on SPSC. Robert W. Baird upped their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday, April 26th. Citigroup started coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. Finally, StockNews.com lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.57.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $173.87 on Monday. The firm has a market cap of $6.44 billion, a PE ratio of 95.01 and a beta of 0.79. The firm’s 50-day simple moving average is $178.51 and its 200-day simple moving average is $179.35. SPS Commerce has a 1 year low of $145.17 and a 1 year high of $218.74.

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 12,907 shares of the firm’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 value of $2,315,644.87. Following the sale, the chief financial officer now 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 other news, CFO Kimberly K. Nelson sold 5,197 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total transaction of $974,125.68. Following the completion of the transaction, the chief financial officer now owns 153,518 shares in the company, valued at approximately $28,775,413.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction dated 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 owns 157,251 shares of the company’s stock, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. Insiders have sold a total of 66,688 shares of company stock worth $12,122,275 over the last quarter. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On SPS Commerce

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of SPS Commerce by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after purchasing an additional 33,874 shares in the last quarter. Raymond James & Associates lifted its stake in SPS Commerce by 5.3% during the fourth quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after buying an additional 5,456 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in SPS Commerce by 102.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock valued at $5,776,000 after buying an additional 15,110 shares in the last quarter. Northern Trust Corp lifted its stake in SPS Commerce by 1.0% during the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock valued at $83,780,000 after buying an additional 4,764 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in SPS Commerce by 28.4% during the third quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock valued at $33,316,000 after buying an additional 43,191 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

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.