SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Rating of “Moderate Buy” by Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $200.25.

A number of equities research analysts have weighed in on the stock. Redburn Atlantic assumed coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They set a “buy” rating and a $220.00 price target on the stock. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a research note on Friday, May 10th. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th.

SPS Commerce Trading Up 1.7 %

Shares of SPS Commerce stock opened at $187.85 on Friday. The company’s fifty day simple moving average is $186.10 and its 200-day simple moving average is $184.59. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 102.65 and a beta of 0.83. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.20. The business had revenue of $149.58 million for the quarter, compared to the consensus estimate of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. As a group, research analysts forecast that SPS Commerce will post 2.23 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In related news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 worth $725,186,000 after buying an additional 33,874 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SPS Commerce by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock worth $95,527,000 after buying an additional 7,179 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SPS Commerce by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,703 shares of the software maker’s stock worth $83,681,000 after buying an additional 12,091 shares during the period. Axiom Investors LLC DE grew its position in shares of SPS Commerce by 183.0% during the 4th quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock worth $25,307,000 after buying an additional 84,420 shares during the period. Finally, Raymond James & Associates grew its position in shares of SPS Commerce by 5.3% during the 4th quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock worth $21,153,000 after buying an additional 5,456 shares during the period. 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.