SPS Commerce, Inc. (NASDAQ:SPSC)‘s stock had its “buy” rating restated by research analysts at Oppenheimer Holdings, Inc. in a report issued on Tuesday.

A number of other brokerages have also weighed in on SPSC. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Benchmark Co. lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Canaccord Genuity reissued a “hold” rating and set a $65.00 price target on shares of SPS Commerce in a research note on Wednesday, July 26th. Finally, CIBC started coverage on SPS Commerce in a research note on Friday, July 21st. They set an “outperform” rating and a $74.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. SPS Commerce has an average rating of “Buy” and an average target price of $75.50.

Shares of SPS Commerce (SPSC) traded down 1.00% during trading on Tuesday, reaching $57.60. The company’s stock had a trading volume of 57,179 shares. The firm has a market capitalization of $991.93 million, a P/E ratio of 108.88 and a beta of 1.20. The company has a 50 day moving average price of $60.74 and a 200 day moving average price of $59.63. SPS Commerce has a 52 week low of $48.11 and a 52 week high of $74.85.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The company had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that SPS Commerce will post $0.88 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of SPS Commerce by 139,789.2% in the first quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock valued at $117,414,000 after buying an additional 2,005,975 shares during the period. Southpoint Capital Advisors LP purchased a new stake in shares of SPS Commerce during the first quarter valued at approximately $23,331,000. FMR LLC raised its stake in shares of SPS Commerce by 33.6% in the first quarter. FMR LLC now owns 850,300 shares of the software maker’s stock valued at $49,734,000 after buying an additional 214,000 shares during the period. Citadel Advisors LLC raised its stake in shares of SPS Commerce by 561.4% in the first quarter. Citadel Advisors LLC now owns 166,514 shares of the software maker’s stock valued at $9,739,000 after buying an additional 141,337 shares during the period. Finally, North Run Capital LP bought a new position in shares of SPS Commerce during the first quarter valued at about $7,123,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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)

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