SPS Commerce, Inc. (NASDAQ:SPSC) Receives $220.25 Consensus Target Price from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $220.25.

SPSC has been the subject of a number of research reports. Robert W. Baird increased their price target on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the company from $205.00 to $209.00 in a research report on Monday, July 29th. DA Davidson boosted their price target on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Craig Hallum raised their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research report on Friday, August 2nd.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,771,531.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at $3,771,531.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,675 shares of company stock worth $1,551,735. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its position in SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of SPS Commerce in the second quarter worth approximately $30,000. UMB Bank n.a. raised its stake in SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after purchasing an additional 164 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in SPS Commerce in the first quarter valued at approximately $60,000. Finally, DT Investment Partners LLC bought a new stake in SPS Commerce during the second quarter valued at approximately $63,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 1.3 %

Shares of NASDAQ SPSC opened at $191.57 on Friday. The business’s 50 day moving average is $196.19 and its 200-day moving average is $189.17. The firm has a market cap of $7.11 billion, a P/E ratio of 104.68 and a beta of 0.82. SPS Commerce has a 1-year low of $151.96 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The company had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. Analysts forecast that SPS Commerce will post 2.32 EPS for the current year.

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.