William Blair Comments on SPS Commerce, Inc.’s Q1 2018 Earnings (SPSC)

SPS Commerce, Inc. (NASDAQ:SPSC) – Equities researchers at William Blair raised their Q1 2018 earnings per share estimates for shares of SPS Commerce in a research note issued on Wednesday. William Blair analyst M. Pfau now forecasts that the software maker will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.12. William Blair also issued estimates for SPS Commerce’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.86 EPS and FY2019 earnings at $1.16 EPS.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $58.20 million for the quarter, compared to the consensus estimate of $57.47 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year.

SPSC has been the topic of a number of other research reports. Oppenheimer reiterated a “buy” rating and issued a $62.00 price objective on shares of SPS Commerce in a research report on Thursday, January 25th. ValuEngine downgraded SPS Commerce from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. BidaskClub downgraded SPS Commerce from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. SPS Commerce currently has a consensus rating of “Hold” and an average target price of $66.43.

Shares of SPS Commerce (NASDAQ SPSC) opened at $53.58 on Monday. SPS Commerce has a 12-month low of $45.02 and a 12-month high of $64.85. The stock has a market capitalization of $917.66, a price-to-earnings ratio of -382.71, a P/E/G ratio of 2.90 and a beta of 1.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in SPS Commerce by 440.2% during the fourth quarter. Citadel Advisors LLC now owns 257,541 shares of the software maker’s stock valued at $12,514,000 after purchasing an additional 209,865 shares in the last quarter. BlackRock Inc. raised its position in SPS Commerce by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,120,517 shares of the software maker’s stock valued at $103,037,000 after purchasing an additional 37,925 shares in the last quarter. Bank of New York Mellon Corp raised its position in SPS Commerce by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 209,887 shares of the software maker’s stock valued at $10,197,000 after purchasing an additional 15,624 shares in the last quarter. Rhumbline Advisers raised its position in SPS Commerce by 13.9% during the fourth quarter. Rhumbline Advisers now owns 38,829 shares of the software maker’s stock valued at $1,887,000 after purchasing an additional 4,752 shares in the last quarter. Finally, Arizona State Retirement System raised its position in SPS Commerce by 225.3% during the fourth quarter. Arizona State Retirement System now owns 28,949 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 20,049 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

SPS Commerce announced that its board has authorized a share buyback plan on Thursday, November 2nd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is 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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