SPS Commerce (NASDAQ:SPSC) Price Target Raised to $188.00

SPS Commerce (NASDAQ:SPSC) had its price objective boosted by Robert W. Baird from $186.00 to $188.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other equities analysts have also issued reports on the company. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $205.00 to $209.00 in a research note on Monday, July 29th. DA Davidson upped their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Craig Hallum upped their price objective on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $223.63.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $168.98 on Monday. SPS Commerce has a twelve month low of $157.48 and a twelve month high of $218.74. The stock has a market capitalization of $6.35 billion, a PE ratio of 82.22 and a beta of 0.82. The stock has a 50-day simple moving average of $191.74 and a 200 day simple moving average of $190.76.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts forecast that SPS Commerce will post 2.32 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now directly owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. boosted its holdings in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in SPS Commerce during the 1st quarter worth $60,000. Finally, DT Investment Partners LLC acquired a new position in SPS Commerce during the 2nd quarter worth $63,000. 98.96% of the stock is owned by institutional investors and hedge funds.

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.