Stifel Nicolaus Has Lowered Expectations for SPS Commerce (NASDAQ:SPSC) Stock Price

SPS Commerce (NASDAQ:SPSC) had its price objective trimmed by Stifel Nicolaus from $250.00 to $225.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other analysts have also recently commented on SPSC. 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. Piper Sandler started coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.00.

SPS Commerce Trading Up 2.2 %

Shares of SPS Commerce stock opened at $186.85 on Friday. The company has a fifty day simple moving average of $186.00 and a 200-day simple moving average of $191.45. SPS Commerce has a 12-month low of $160.58 and a 12-month high of $218.74. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 89.40 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. SPS Commerce’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts forecast that SPS Commerce will post 2.38 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors have recently bought and sold shares of SPSC. Blue Trust Inc. lifted its position in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. lifted its position 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 in the last quarter. Signaturefd LLC lifted its position in shares of SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of SPS Commerce by 1,358.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after purchasing an additional 326 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of SPS Commerce by 63.0% during the third quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after purchasing an additional 172 shares in the last quarter. 98.96% of the stock is currently 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.