SPS Commerce, Inc. (NASDAQ:SPSC) Given Consensus Rating of “Moderate Buy” by Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $196.57.

Several brokerages have recently issued reports on SPSC. Robert W. Baird boosted their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target for the company. William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday, April 26th.

SPS Commerce Trading Up 2.9 %

Shares of SPSC opened at $178.97 on Thursday. SPS Commerce has a twelve month low of $145.17 and a twelve month high of $218.74. The stock’s 50 day moving average is $178.44 and its two-hundred day moving average is $179.34. The firm has a market capitalization of $6.63 billion, a PE ratio of 97.80 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. On average, sell-side analysts predict that SPS Commerce will post 2.25 EPS for the current year.

Insider Activity at SPS Commerce

In related news, COO James J. Frome sold 2,901 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the transaction, the chief operating officer now owns 54,029 shares in the company, valued at approximately $9,904,596.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Archie C. Black sold 8,723 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the completion of the sale, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James J. Frome sold 2,901 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the completion of the sale, the chief operating officer now directly owns 54,029 shares of the company’s stock, valued at $9,904,596.28. The disclosure for this sale can be found here. Insiders sold 28,019 shares of company stock worth $5,186,345 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On SPS Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in SPSC. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce in the 4th quarter valued at approximately $26,000. NBC Securities Inc. acquired a new stake in SPS Commerce in the 3rd quarter valued at approximately $35,000. CVA Family Office LLC acquired a new stake in SPS Commerce in the 4th quarter valued at approximately $44,000. UMB Bank n.a. grew its holdings in SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in SPS Commerce in the 3rd quarter valued at approximately $42,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.