SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.20.
A number of brokerages have issued reports on SPSC. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. KeyCorp reissued a “hold” rating on shares of SPS Commerce in a research report on Friday, August 25th. Oppenheimer Holdings, Inc. assumed coverage on SPS Commerce in a research report on Thursday, July 20th. They issued an “outperform” rating and a $74.00 price objective for the company. Finally, Canaccord Genuity reissued a “hold” rating and issued a $65.00 price objective on shares of SPS Commerce in a research report on Wednesday, July 26th.
Several institutional investors and hedge funds have recently bought and sold shares of SPSC. BNP Paribas Arbitrage SA boosted its position in shares of SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after acquiring an additional 379 shares during the period. Comerica Bank boosted its position in shares of SPS Commerce by 5.2% in the first quarter. Comerica Bank now owns 18,998 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 935 shares during the period. Karp Capital Management Corp bought a new stake in shares of SPS Commerce in the first quarter valued at approximately $630,000. Parametric Portfolio Associates LLC boosted its position in shares of SPS Commerce by 32.4% in the first quarter. Parametric Portfolio Associates LLC now owns 17,978 shares of the software maker’s stock valued at $1,052,000 after acquiring an additional 4,395 shares during the period. Finally, State of Tennessee Treasury Department boosted its position in shares of SPS Commerce by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,017 shares of the software maker’s stock valued at $937,000 after acquiring an additional 2,417 shares during the period. 98.27% of the stock is owned by institutional investors.
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SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities analysts expect that SPS Commerce will post $0.88 earnings per share for the current year.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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