Several analysts have recently updated their ratings and price targets for SPS Commerce (NASDAQ: SPSC):
- 9/29/2016 – SPS Commerce is now covered by analysts at Pacific Crest. They set an “overweight” rating and a $85.00 price target on the stock.
- 9/28/2016 – SPS Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The Company delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. The Company’s delivery model also enables it to offer greater functionality, integration and reliability with less cost and risk than traditional solutions. The Company provides its solutions through SPSCommerce.net, a hosted software. SPSCommerce.net uses pre-built integrations to eliminate the need for on-premise software and support staff, which enables its supplier customers to shorten supply cycle times, optimize inventory levels, reduce costs and satisfy retailer requirements. SPS Commerce is headquartered in Minneapolis. “
- 9/26/2016 – SPS Commerce had its price target raised by analysts at Needham & Company LLC from $70.00 to $83.00. They now have a “buy” rating on the stock.
- 9/26/2016 – SPS Commerce is now covered by analysts at First Analysis. They set an “overweight” rating and a $86.00 price target on the stock.
SPS Commerce Inc. (NASDAQ:SPSC) traded down 0.30% on Friday, hitting $69.85. The stock had a trading volume of 90,392 shares. The company has a market cap of $1.19 billion, a P/E ratio of 249.46 and a beta of 1.17. SPS Commerce Inc. has a 52-week low of $38.35 and a 52-week high of $77.19. The stock’s 50-day moving average is $69.64 and its 200-day moving average is $59.07.
SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. SPS Commerce had a net margin of 2.73% and a return on equity of 3.84%. The company earned $474 million during the quarter, compared to analyst estimates of $47.06 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts expect that SPS Commerce Inc. will post $0.98 earnings per share for the current year.
In other SPS Commerce news, CEO Archie C. Black sold 10,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $63.38, for a total transaction of $633,800.00. Following the completion of the sale, the chief executive officer now directly owns 78,600 shares in the company, valued at $4,981,668. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael A. Smerklo sold 581 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $65.74, for a total transaction of $38,194.94. Following the sale, the director now owns 1,340 shares of the company’s stock, valued at $88,091.60. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
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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