SPS Commerce, Inc. (NASDAQ:SPSC)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They presently have a $65.00 price objective on the software maker’s stock. Canaccord Genuity’s price target points to a potential upside of 9.34% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Friday, May 5th. Needham & Company LLC decreased their target price on shares of SPS Commerce from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Benchmark Co. downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, CIBC initiated coverage on shares of SPS Commerce in a research note on Friday, July 21st. They issued an “outperform” rating and a $74.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $74.33.

Shares of SPS Commerce (SPSC) opened at 59.45 on Wednesday. SPS Commerce has a 52-week low of $48.11 and a 52-week high of $74.85. The stock’s 50 day moving average is $61.24 and its 200 day moving average is $60.19. The stock has a market capitalization of $1.02 billion, a PE ratio of 135.11 and a beta of 1.22.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 27th. The software maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.15. The business had revenue of $51.90 million during the quarter, compared to the consensus estimate of $51.82 million. SPS Commerce had a net margin of 3.83% and a return on equity of 4.62%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. Equities research analysts expect that SPS Commerce will post $0.85 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SPSC. Bank of Montreal Can increased its position in SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares during the period. State of Alaska Department of Revenue increased its position in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares during the period. Nationwide Fund Advisors increased its position in SPS Commerce by 0.6% in the second quarter. Nationwide Fund Advisors now owns 10,874 shares of the software maker’s stock worth $659,000 after buying an additional 65 shares during the period. Municipal Employees Retirement System of Michigan increased its position in SPS Commerce by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,890 shares of the software maker’s stock worth $228,000 after buying an additional 70 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in SPS Commerce by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,042 shares of the software maker’s stock worth $294,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.

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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