SPS Commerce (NASDAQ:SPSC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its price target raised by equities researchers at Robert W. Baird from $154.00 to $159.00 in a report released on Friday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the software maker's stock. Robert W. Baird's target price would indicate a potential upside of 11.26% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Piper Sandler reduced their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. DA Davidson cut their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.11.

SPS Commerce Price Performance

SPSC traded up $0.91 during trading on Friday, hitting $142.91. The stock had a trading volume of 135,976 shares, compared to its average volume of 237,870. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 70.05 and a beta of 0.89. The company has a 50 day moving average price of $131.74 and a 200-day moving average price of $165.41. SPS Commerce has a one year low of $120.09 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The firm had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same quarter last year, the company earned $0.86 EPS. The company's revenue was up 21.4% on a year-over-year basis. As a group, sell-side analysts predict that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dan Juckniess sold 2,591 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,864 shares of company stock valued at $6,613,078 over the last 90 days. Company insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On SPS Commerce

A number of institutional investors have recently modified their holdings of SPSC. Nisa Investment Advisors LLC increased its holdings in SPS Commerce by 7.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,391 shares of the software maker's stock worth $185,000 after purchasing an additional 96 shares during the period. Banque Pictet & Cie SA bought a new stake in shares of SPS Commerce in the first quarter valued at about $381,000. LBP AM SA grew its holdings in SPS Commerce by 56.9% during the 1st quarter. LBP AM SA now owns 15,748 shares of the software maker's stock worth $2,090,000 after acquiring an additional 5,714 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of SPS Commerce by 2.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,568 shares of the software maker's stock valued at $1,270,000 after acquiring an additional 266 shares during the period. Finally, Palisades Investment Partners LLC raised its position in shares of SPS Commerce by 1.6% in the 1st quarter. Palisades Investment Partners LLC now owns 50,353 shares of the software maker's stock worth $6,683,000 after acquiring an additional 805 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

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.