$1 Reaffirms Outperform Rating for SPS Commerce (SPSC)

SPS Commerce (NASDAQ:SPSC)‘s stock had its “outperform” rating restated by research analysts at $1 in a research report issued on Wednesday, The Fly reports. They currently have a $112.00 price objective on the software maker’s stock, up from their prior price objective of $95.00. $1’s price target points to a potential upside of 18.32% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other brokerages have also commented on SPSC. Needham & Company LLC boosted their price objective on shares of SPS Commerce from $64.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity boosted their price objective on shares of SPS Commerce from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 26th. ValuEngine upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 27th. BidaskClub upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Finally, TheStreet upgraded shares of SPS Commerce from a “c+” rating to a “b-” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $95.50.

NASDAQ:SPSC opened at $94.66 on Wednesday. The firm has a market cap of $1.62 billion, a P/E ratio of 225.38, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76. SPS Commerce has a twelve month low of $53.67 and a twelve month high of $100.68.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Tuesday, February 12th. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The business had revenue of $65.20 million for the quarter, compared to analyst estimates of $63.90 million. SPS Commerce had a net margin of 3.16% and a return on equity of 5.55%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. Research analysts forecast that SPS Commerce will post 1.3 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SPS Commerce by 3.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,075 shares of the software maker’s stock valued at $1,242,000 after purchasing an additional 550 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of SPS Commerce by 65.8% in the 4th quarter. Bessemer Group Inc. now owns 24,200 shares of the software maker’s stock valued at $1,994,000 after purchasing an additional 9,600 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of SPS Commerce by 10.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 23,520 shares of the software maker’s stock valued at $1,787,000 after purchasing an additional 2,222 shares in the last quarter. Northern Trust Corp raised its stake in shares of SPS Commerce by 0.6% in the 4th quarter. Northern Trust Corp now owns 276,235 shares of the software maker’s stock valued at $22,757,000 after purchasing an additional 1,639 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of SPS Commerce by 76.2% in the 4th quarter. GSA Capital Partners LLP now owns 9,999 shares of the software maker’s stock valued at $824,000 after purchasing an additional 4,324 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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The Fly

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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