SPS Commerce, Inc. (SPSC) Receives Consensus Rating of “Hold” from Analysts
Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.63.
A number of research analysts have recently weighed in on SPSC shares. Zacks Investment Research downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. CIBC started coverage on shares of SPS Commerce in a research report on Friday, July 21st. They set an “outperform” rating and a $74.00 target price for the company. Oppenheimer Holdings, Inc. set a $74.00 target price on shares of SPS Commerce and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Northland Securities set a $84.00 target price on shares of SPS Commerce and gave the company a “buy” rating in a research report on Thursday, July 27th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Victory Capital Management Inc. boosted its holdings in SPS Commerce by 83.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock worth $117,000 after buying an additional 911 shares during the period. Riverhead Capital Management LLC boosted its holdings in SPS Commerce by 113.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after purchasing an additional 1,131 shares during the period. Blueport Capital L.P. boosted its holdings in SPS Commerce by 28.3% in the 1st quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after purchasing an additional 525 shares during the period. Pinebridge Investments L.P. boosted its holdings in SPS Commerce by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after purchasing an additional 24 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in SPS Commerce by 13.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after purchasing an additional 379 shares during the period. 98.27% of the stock is owned by institutional investors.
Shares of SPS Commerce (NASDAQ SPSC) opened at 58.90 on Friday. The stock’s 50 day moving average price is $58.98 and its 200-day moving average price is $58.75. SPS Commerce has a one year low of $48.11 and a one year high of $74.85. The company has a market cap of $1.01 billion, a PE ratio of 111.34 and a beta of 1.17.
SPS Commerce (NASDAQ:SPSC) last released its earnings results 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 net margin of 4.41% and a return on equity of 4.70%. The firm had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.74 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. On average, analysts expect that SPS Commerce will post $0.88 EPS for the current year.
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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.
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