SPS Commerce (NASDAQ:SPSC) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of SPS Commerce (NASDAQ:SPSC) in a report issued on Wednesday morning,Benzinga reports. They currently have a $210.00 price objective on the software maker’s stock.

A number of other brokerages also recently commented on SPSC. Citigroup dropped their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Northland Securities reissued a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Robert W. Baird decreased their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Trading Up 0.5 %

NASDAQ:SPSC opened at $135.65 on Wednesday. SPS Commerce has a 12-month low of $122.58 and a 12-month high of $218.61. The firm has a market cap of $5.12 billion, a PE ratio of 66.50 and a beta of 0.92. The stock has a fifty day moving average price of $155.43 and a 200 day moving average price of $176.44.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Equities analysts forecast that SPS Commerce will post 2.73 EPS for the current year.

Insider Activity

In other news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock valued at $6,613,078 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SPSC. Advisors Asset Management Inc. lifted its holdings in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce in the fourth quarter valued at about $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce during the fourth quarter worth about $41,000. Blue Trust Inc. raised its holdings in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. Finally, R Squared Ltd purchased a new position in SPS Commerce during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

About SPS Commerce

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.