SPS Commerce, Inc. (SPSC) Given Average Rating of “Buy” by Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $100.10.

A number of research firms have weighed in on SPSC. ValuEngine downgraded SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. BidaskClub downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Oppenheimer upped their price target on SPS Commerce from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, Canaccord Genuity upped their price target on SPS Commerce from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th.

NASDAQ:SPSC traded down $0.77 during trading hours on Monday, reaching $103.50. 88,354 shares of the stock were exchanged, compared to its average volume of 153,612. SPS Commerce has a twelve month low of $63.47 and a twelve month high of $113.31. The company has a market cap of $1.87 billion, a P/E ratio of 84.84, a price-to-earnings-growth ratio of 4.85 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.20. SPS Commerce had a return on equity of 8.17% and a net margin of 9.62%. The firm had revenue of $65.20 million during the quarter, compared to the consensus estimate of $63.90 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts forecast that SPS Commerce will post 1.47 EPS for the current year.

In related news, CFO Kimberly K. Nelson sold 5,080 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $95.95, for a total value of $487,426.00. Following the sale, the chief financial officer now owns 48,529 shares in the company, valued at approximately $4,656,357.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James J. Frome sold 19,670 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $107.65, for a total value of $2,117,475.50. Following the completion of the sale, the chief operating officer now owns 37,719 shares in the company, valued at approximately $4,060,450.35. The disclosure for this sale can be found here. In the last three months, insiders sold 35,984 shares of company stock valued at $3,752,731. 3.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in SPS Commerce by 10.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 221,890 shares of the software maker’s stock worth $22,020,000 after buying an additional 20,390 shares during the period. BlackRock Inc. increased its position in SPS Commerce by 15.6% during the 3rd quarter. BlackRock Inc. now owns 2,756,839 shares of the software maker’s stock worth $273,588,000 after buying an additional 371,408 shares during the period. Dimensional Fund Advisors LP bought a new position in SPS Commerce during the 3rd quarter worth $10,748,000. Allianz Asset Management GmbH bought a new position in SPS Commerce during the 3rd quarter worth $2,950,000. Finally, JPMorgan Chase & Co. increased its position in SPS Commerce by 411.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 233,022 shares of the software maker’s stock worth $23,125,000 after buying an additional 187,488 shares during the period. Institutional investors and hedge funds own 94.80% 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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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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