SPS Commerce, Inc. (SPSC) Receives Average Rating of “Hold” from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has received an average rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $68.00.

A number of analysts recently weighed in on SPSC shares. CIBC started coverage on shares of SPS Commerce in a report on Friday, July 21st. They issued an “outperform” rating and a $74.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $74.00 price objective on shares of SPS Commerce and gave the stock a “buy” rating in a report on Friday, July 28th. BidaskClub cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Northland Securities set a $84.00 price objective on shares of SPS Commerce and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, ValuEngine cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 7th.

ILLEGAL ACTIVITY WARNING: “SPS Commerce, Inc. (SPSC) Receives Average Rating of “Hold” from Brokerages” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2017/11/06/sps-commerce-inc-spsc-receives-average-rating-of-hold-from-brokerages.html.

Several institutional investors and hedge funds have recently made changes to their positions in SPSC. Parametric Portfolio Associates LLC grew its stake in shares of SPS Commerce by 32.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 17,978 shares of the software maker’s stock worth $1,052,000 after purchasing an additional 4,395 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of SPS Commerce by 1.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,890 shares of the software maker’s stock worth $228,000 after purchasing an additional 70 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of SPS Commerce by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 138,178 shares of the software maker’s stock worth $8,082,000 after purchasing an additional 5,632 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SPS Commerce by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,042 shares of the software maker’s stock worth $294,000 after purchasing an additional 81 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of SPS Commerce by 0.8% in the 1st quarter. Legal & General Group Plc now owns 28,355 shares of the software maker’s stock worth $1,656,000 after purchasing an additional 236 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Shares of SPS Commerce (NASDAQ SPSC) opened at $48.45 on Monday. SPS Commerce has a twelve month low of $45.03 and a twelve month high of $73.16. The firm has a market cap of $834.50, a PE ratio of 73.41, a P/E/G ratio of 3.28 and a beta of 1.07.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 26th. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The business had revenue of $56.15 million for the quarter, compared to analysts’ expectations of $56.15 million. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. research analysts predict that SPS Commerce will post 0.59 earnings per share for the current year.

SPS Commerce declared that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About SPS Commerce

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.

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

What are top analysts saying about SPS Commerce Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SPS Commerce Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit