SPS Commerce, Inc. (NASDAQ:SPSC) – Research analysts at William Blair issued their FY2020 EPS estimates for shares of SPS Commerce in a research report issued on Wednesday. William Blair analyst M. Pfau expects that the software maker will post earnings per share of $1.63 for the year.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. SPS Commerce had a negative net margin of 1.11% and a positive return on equity of 2.81%. The business had revenue of $58.20 million during the quarter, compared to analyst estimates of $57.47 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis.
SPS Commerce (NASDAQ:SPSC) traded up $0.59 during midday trading on Friday, reaching $53.58. 165,633 shares of the company’s stock traded hands, compared to its average volume of 132,073. SPS Commerce has a twelve month low of $45.02 and a twelve month high of $64.85. The stock has a market capitalization of $947.98, a price-to-earnings ratio of -378.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.10.
A number of hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its stake in SPS Commerce by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 18,243 shares of the software maker’s stock worth $1,163,000 after buying an additional 265 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in SPS Commerce by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,084 shares of the software maker’s stock worth $835,000 after buying an additional 279 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in SPS Commerce by 0.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 148,725 shares of the software maker’s stock worth $9,483,000 after buying an additional 450 shares in the last quarter. California Public Employees Retirement System raised its stake in SPS Commerce by 4.0% in the second quarter. California Public Employees Retirement System now owns 13,000 shares of the software maker’s stock worth $829,000 after buying an additional 500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in SPS Commerce by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,048 shares of the software maker’s stock worth $4,531,000 after buying an additional 508 shares in the last quarter. 97.41% of the stock is owned by institutional investors.
SPS Commerce declared that its board has initiated a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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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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