SPS Commerce, Inc. to Post Q1 2018 Earnings of $0.19 Per Share, Oppenheimer Forecasts (SPSC)

SPS Commerce, Inc. (NASDAQ:SPSC) – Analysts at Oppenheimer boosted their Q1 2018 earnings estimates for shares of SPS Commerce in a report issued on Wednesday. Oppenheimer analyst K. Ikeda now expects that the software maker will earn $0.19 per share for the quarter, up from their previous estimate of $0.13. Oppenheimer currently has a “Buy” rating and a $62.00 target price on the stock. Oppenheimer also issued estimates for SPS Commerce’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.86 EPS.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The business had revenue of $58.20 million for the quarter, compared to analyst estimates of $57.47 million. During the same quarter last year, the firm earned $0.29 EPS. SPS Commerce’s revenue for the quarter was up 13.9% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus dropped their target price on SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Canaccord Genuity dropped their target price on SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. BidaskClub raised SPS Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Benchmark reissued a “sell” rating on shares of SPS Commerce in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.43.

Shares of SPS Commerce (NASDAQ:SPSC) opened at $53.58 on Monday. SPS Commerce has a 1 year low of $45.02 and a 1 year high of $64.85. The stock has a market capitalization of $917.66, a P/E ratio of -382.71, a P/E/G ratio of 2.90 and a beta of 1.10.

SPS Commerce declared that its board has authorized a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several large investors have recently bought and sold shares of SPSC. Janus Henderson Group PLC acquired a new position in shares of SPS Commerce during the 2nd quarter worth approximately $41,711,000. Ruane Cunniff & Goldfarb Inc. increased its position in shares of SPS Commerce by 50.3% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock worth $43,401,000 after purchasing an additional 256,117 shares during the last quarter. Citadel Advisors LLC increased its position in shares of SPS Commerce by 440.2% during the 4th quarter. Citadel Advisors LLC now owns 257,541 shares of the software maker’s stock worth $12,514,000 after purchasing an additional 209,865 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of SPS Commerce by 56.4% during the 4th quarter. Wells Fargo & Company MN now owns 484,882 shares of the software maker’s stock worth $23,561,000 after purchasing an additional 174,924 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of SPS Commerce by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 963,631 shares of the software maker’s stock worth $61,441,000 after purchasing an additional 64,257 shares during the last quarter. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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