SPS Commerce (NASDAQ:SPSC) PT Raised to $178.00

SPS Commerce (NASDAQ:SPSC) had its price objective increased by analysts at Robert W. Baird from $172.00 to $178.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s price objective indicates a potential upside of 5.06% from the stock’s current price.

Several other research firms have also recently commented on SPSC. Citigroup started coverage on SPS Commerce in a research note on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price for the company. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Friday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

SPS Commerce Trading Down 1.0 %

Shares of SPSC stock opened at $169.43 on Friday. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 96.27 and a beta of 0.79. SPS Commerce has a twelve month low of $140.00 and a twelve month high of $218.74. The stock has a fifty day simple moving average of $179.25 and a two-hundred day simple moving average of $179.04.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. Research analysts predict that SPS Commerce will post 2.13 EPS for the current fiscal year.

Insider Activity

In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the transaction, the director now directly owns 89,940 shares in the company, valued at $16,137,034.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the transaction, the director now directly owns 15,747 shares in the company, valued at approximately $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at $16,137,034.80. The disclosure for this sale can be found here. Insiders sold 66,688 shares of company stock worth $12,122,275 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Handelsbanken Fonder AB lifted its holdings in SPS Commerce by 5.8% in the third quarter. Handelsbanken Fonder AB now owns 10,160 shares of the software maker’s stock valued at $1,733,000 after buying an additional 560 shares during the period. Linden Thomas Advisory Services LLC bought a new position in shares of SPS Commerce during the third quarter worth approximately $1,282,000. Cavalier Investments LLC increased its holdings in shares of SPS Commerce by 3.6% during the third quarter. Cavalier Investments LLC now owns 9,052 shares of the software maker’s stock worth $1,544,000 after purchasing an additional 314 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of SPS Commerce by 18.0% during the third quarter. Commonwealth Equity Services LLC now owns 1,940 shares of the software maker’s stock worth $331,000 after purchasing an additional 296 shares during the period. Finally, Dakota Wealth Management increased its stake in SPS Commerce by 102.7% in the third quarter. Dakota Wealth Management now owns 2,868 shares of the software maker’s stock valued at $489,000 after acquiring an additional 1,453 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

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.