Other analysts have also issued research reports about the stock. Needham & Company LLC lifted their price target on shares of SPS Commerce from $70.00 to $83.00 and gave the company a buy rating in a research report on Monday. Zacks Investment Research raised shares of SPS Commerce from a hold rating to a buy rating and set a $74.00 price target on the stock in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. SPS Commerce currently has an average rating of Buy and a consensus target price of $77.29.
SPS Commerce (NASDAQ:SPSC) opened at 72.84 on Monday. The stock has a market cap of $1.24 billion, a PE ratio of 260.14 and a beta of 1.23. The stock has a 50 day moving average price of $67.25 and a 200 day moving average price of $56.49. SPS Commerce has a 1-year low of $38.35 and a 1-year high of $78.29.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $474 million for the quarter, compared to analyst estimates of $47.06 million. SPS Commerce had a net margin of 2.73% and a return on equity of 3.84%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS. On average, analysts predict that SPS Commerce will post $0.98 EPS for the current fiscal year.
In other SPS Commerce news, Director Michael A. Smerklo sold 580 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $67.40, for a total value of $39,092.00. Following the completion of the transaction, the director now owns 760 shares in the company, valued at $51,224. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Archie C. Black sold 10,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $63.38, for a total transaction of $633,800.00. Following the completion of the transaction, the chief executive officer now owns 78,600 shares of the company’s stock, valued at approximately $4,981,668. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in SPS Commerce by 9.0% in the second quarter. Royal Bank of Canada now owns 408,382 shares of the company’s stock valued at $24,747,000 after buying an additional 33,591 shares during the period. Schwab Charles Investment Management Inc. increased its position in SPS Commerce by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,519 shares of the company’s stock valued at $3,244,000 after buying an additional 756 shares during the period. AQR Capital Management LLC increased its position in SPS Commerce by 43.8% in the second quarter. AQR Capital Management LLC now owns 7,064 shares of the company’s stock valued at $428,000 after buying an additional 2,151 shares during the period. Polar Capital LLP acquired a new position in SPS Commerce during the second quarter valued at approximately $3,295,000. Finally, Ranger Investment Management L.P. increased its position in SPS Commerce by 8.9% in the second quarter. Ranger Investment Management L.P. now owns 462,313 shares of the company’s stock valued at $28,016,000 after buying an additional 37,872 shares during the period.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.
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