SPS Commerce, Inc. (NASDAQ:SPSC) Given Consensus Rating of “Hold” by Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $99.2222.

A number of research firms have recently weighed in on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a research note on Friday, October 31st. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. DA Davidson lowered their price objective on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Citigroup dropped their price objective on SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Morgan Stanley set a $100.00 target price on shares of SPS Commerce and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th.

SPS Commerce Stock Down 0.9%

SPS Commerce stock opened at $74.83 on Wednesday. The firm has a fifty day simple moving average of $88.46 and a two-hundred day simple moving average of $97.94. SPS Commerce has a twelve month low of $73.05 and a twelve month high of $172.00. The company has a market capitalization of $2.82 billion, a PE ratio of 33.56 and a beta of 0.56.

Insider Transactions at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the transaction, the director owned 9,158 shares in the company, valued at approximately $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.

Institutional Trading of SPS Commerce

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in SPS Commerce by 69.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker’s stock valued at $58,969,000 after purchasing an additional 270,424 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of SPS Commerce by 51.1% in the 4th quarter. BNP Paribas Financial Markets now owns 244,529 shares of the software maker’s stock worth $21,795,000 after buying an additional 82,686 shares during the last quarter. Norges Bank purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $49,883,000. Amica Mutual Insurance Co. raised its holdings in shares of SPS Commerce by 8.9% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,864 shares of the software maker’s stock valued at $701,000 after acquiring an additional 640 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in SPS Commerce in the fourth quarter worth $168,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.