SPS Commerce (NASDAQ:SPSC) PT Raised to $250.00

SPS Commerce (NASDAQ:SPSC) had its price objective raised by research analysts at Stifel Nicolaus from $240.00 to $250.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 46.64% from the stock’s current price.

SPSC has been the topic of a number of other research reports. 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. DA Davidson upped their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Robert W. Baird upped their price target on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.38.

SPS Commerce Trading Down 10.7 %

SPSC stock opened at $170.49 on Friday. SPS Commerce has a 1-year low of $151.96 and a 1-year high of $218.74. The stock has a 50-day moving average price of $192.69 and a 200-day moving average price of $190.58. The firm has a market cap of $6.33 billion, a PE ratio of 88.80 and a beta of 0.82.

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

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the transaction, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Institutional investors have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC lifted its position in shares of SPS Commerce by 8.7% during the 3rd quarter. Diversify Wealth Management LLC now owns 3,555 shares of the software maker’s stock worth $675,000 after buying an additional 285 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock valued at $449,000 after acquiring an additional 62 shares during the last quarter. Smith Group Asset Management LLC lifted its holdings in SPS Commerce by 25.9% during the third quarter. Smith Group Asset Management LLC now owns 3,533 shares of the software maker’s stock worth $686,000 after acquiring an additional 726 shares during the period. Cavalier Investments LLC lifted its holdings in SPS Commerce by 6.2% during the third quarter. Cavalier Investments LLC now owns 10,673 shares of the software maker’s stock worth $2,072,000 after acquiring an additional 621 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in SPS Commerce by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after purchasing an additional 55 shares during the last quarter. 98.96% of the stock is owned by 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.