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.
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.
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