SPS Commerce (SPSC) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of SPS Commerce (NASDAQ:SPSC) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other research analysts have also recently commented on the company. Zacks Investment Research raised SPS Commerce from a hold rating to a strong-buy rating and set a $56.00 target price for the company in a research note on Wednesday, November 1st. Oppenheimer lowered their target price on SPS Commerce from $74.00 to $62.00 and set an outperform rating for the company in a research note on Friday, October 27th. Benchmark reissued a sell rating on shares of SPS Commerce in a research note on Monday, October 30th. Stifel Nicolaus lowered their target price on SPS Commerce from $75.00 to $68.00 and set a buy rating for the company in a research note on Friday, October 27th. Finally, ValuEngine cut SPS Commerce from a hold rating to a sell rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $67.38.

Shares of SPS Commerce (SPSC) opened at $55.35 on Wednesday. The stock has a market capitalization of $868.11, a price-to-earnings ratio of 112.00, a P/E/G ratio of 2.85 and a beta of 1.10. SPS Commerce has a 1-year low of $45.02 and a 1-year high of $64.85.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The firm had revenue of $58.20 million for the quarter, compared to the consensus estimate of $57.47 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. analysts expect that SPS Commerce will post 0.71 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in SPSC. Schwab Charles Investment Management Inc. boosted its position in shares of SPS Commerce by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,048 shares of the software maker’s stock worth $4,531,000 after acquiring an additional 508 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of SPS Commerce by 3.4% in the 2nd quarter. Teachers Advisors LLC now owns 45,243 shares of the software maker’s stock valued at $2,885,000 after purchasing an additional 1,498 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of SPS Commerce by 1.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 67,481 shares of the software maker’s stock valued at $4,303,000 after purchasing an additional 892 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of SPS Commerce by 7.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,370 shares of the software maker’s stock valued at $661,000 after purchasing an additional 680 shares during the period. Finally, Northern Trust Corp boosted its position in shares of SPS Commerce by 3.4% in the 2nd quarter. Northern Trust Corp now owns 274,754 shares of the software maker’s stock valued at $17,517,000 after purchasing an additional 9,049 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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