SPS Commerce (NASDAQ:SPSC) Hits New 1-Year High at $59.48

Share on StockTwits

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) reached a new 52-week high during trading on Thursday . The stock traded as high as $59.48 and last traded at $59.48, with a volume of 401 shares traded. The stock had previously closed at $58.50.

Several research firms have recently commented on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price on shares of SPS Commerce in a report on Friday, October 25th. BidaskClub raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Zacks Investment Research downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th. Oppenheimer reaffirmed a “market perform” rating and set a $61.00 price target on shares of SPS Commerce in a research note on Friday, January 17th. Finally, First Analysis upped their price target on shares of SPS Commerce from $61.00 to $68.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. SPS Commerce has a consensus rating of “Buy” and an average price target of $59.65.

The company has a debt-to-equity ratio of 0.05, a current ratio of 4.52 and a quick ratio of 4.52. The firm has a market cap of $2.04 billion, a P/E ratio of 66.01, a PEG ratio of 3.64 and a beta of 0.63. The stock’s 50-day simple moving average is $56.55 and its two-hundred day simple moving average is $65.08.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. SPS Commerce had a net margin of 11.67% and a return on equity of 9.80%. The business had revenue of $70.90 million for the quarter, compared to analysts’ expectations of $70.09 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 0.92 earnings per share for the current year.

In other SPS Commerce news, CFO Kimberly K. Nelson sold 28,644 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $57.29, for a total transaction of $1,641,014.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Archie C. Black sold 15,637 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $57.61, for a total transaction of $900,847.57. The disclosure for this sale can be found here. Insiders own 3.34% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SPSC. FTB Advisors Inc. increased its position in SPS Commerce by 173.9% during the third quarter. FTB Advisors Inc. now owns 556 shares of the software maker’s stock valued at $26,000 after acquiring an additional 353 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of SPS Commerce in the second quarter worth about $31,000. Tower Research Capital LLC TRC grew its holdings in shares of SPS Commerce by 1,805.3% in the third quarter. Tower Research Capital LLC TRC now owns 724 shares of the software maker’s stock worth $34,000 after purchasing an additional 686 shares during the last quarter. Carroll Financial Associates Inc. grew its holdings in shares of SPS Commerce by 3,560.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 732 shares of the software maker’s stock worth $40,000 after purchasing an additional 712 shares during the last quarter. Finally, JNBA Financial Advisors grew its holdings in shares of SPS Commerce by 100.0% in the third quarter. JNBA Financial Advisors now owns 1,002 shares of the software maker’s stock worth $47,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

SPS Commerce Company Profile (NASDAQ:SPSC)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

Featured Article: Understanding debt-to-equity ratio in fundamental analysis

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SEIKO EPSON COR/ADR  Upgraded to “Hold” by Zacks Investment Research
SEIKO EPSON COR/ADR Upgraded to “Hold” by Zacks Investment Research
SWIRE PAC LTD/S  Upgraded to “Hold” by Zacks Investment Research
SWIRE PAC LTD/S Upgraded to “Hold” by Zacks Investment Research
ARBOR RLTY TR I/SH  Director Buys $68,500.00 in Stock
ARBOR RLTY TR I/SH Director Buys $68,500.00 in Stock
Yext Inc  Insider Sells $79,500.00 in Stock
Yext Inc Insider Sells $79,500.00 in Stock
Insider Buying: Graincorp Ltd  Insider Purchases 10,000 Shares of Stock
Insider Buying: Graincorp Ltd Insider Purchases 10,000 Shares of Stock
Michael T. Crowley, Jr. Purchases 5,000 Shares of Associated Banc Corp  Stock
Michael T. Crowley, Jr. Purchases 5,000 Shares of Associated Banc Corp Stock


© 2006-2020 Ticker Report