Equities research analysts forecast that SPS Commerce, Inc. (NASDAQ:SPSC) will post $57.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for SPS Commerce’s earnings. The lowest sales estimate is $57.40 million and the highest is $57.50 million. SPS Commerce posted sales of $51.06 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that SPS Commerce will report full year sales of $57.47 million for the current financial year, with estimates ranging from $219.70 million to $219.90 million. For the next fiscal year, analysts forecast that the company will post sales of $243.86 million per share, with estimates ranging from $241.50 million to $247.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $56.15 million for the quarter, compared to analysts’ expectations of $56.15 million. SPS Commerce had a return on equity of 4.25% and a net margin of 3.97%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share.

Several analysts have recently issued reports on the company. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine cut SPS Commerce from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Canaccord Genuity reduced their price objective on SPS Commerce from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. BidaskClub upgraded SPS Commerce from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Stifel Nicolaus reduced their price objective on SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $68.00.

Shares of SPS Commerce (NASDAQ:SPSC) traded down $0.11 during midday trading on Tuesday, hitting $50.31. The stock had a trading volume of 47,500 shares, compared to its average volume of 99,578. The firm has a market capitalization of $866.56, a PE ratio of 102.68, a P/E/G ratio of 2.84 and a beta of 1.07. SPS Commerce has a twelve month low of $45.02 and a twelve month high of $72.35.

SPS Commerce declared that its board has approved a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently bought and sold shares of SPSC. Janus Henderson Group PLC purchased a new position in SPS Commerce in the second quarter valued at $41,711,000. Capital World Investors purchased a new position in SPS Commerce in the second quarter valued at $28,879,000. Southpoint Capital Advisors LP increased its holdings in SPS Commerce by 88.0% in the second quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the software maker’s stock valued at $47,820,000 after buying an additional 351,103 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. increased its holdings in SPS Commerce by 50.3% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock valued at $43,401,000 after buying an additional 256,117 shares during the last quarter. Finally, Banbury Partners LLC increased its holdings in SPS Commerce by 27.0% in the second quarter. Banbury Partners LLC now owns 483,193 shares of the software maker’s stock valued at $30,808,000 after buying an additional 102,720 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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