SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $195.38.

SPSC has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. Piper Sandler dropped their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Robert W. Baird increased their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. DA Davidson dropped their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Northland Securities reaffirmed a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th.

SPS Commerce Trading Up 0.6%

SPS Commerce stock traded up $0.86 during mid-day trading on Monday, hitting $149.49. 35,391 shares of the company's stock were exchanged, compared to its average volume of 241,982. SPS Commerce has a 1-year low of $120.09 and a 1-year high of $218.61. The stock has a 50 day moving average of $134.67 and a two-hundred day moving average of $161.98. The stock has a market cap of $5.68 billion, a P/E ratio of 73.41 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The company had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same period in the prior year, the company earned $0.86 earnings per share. The business's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts predict that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 4,034 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the transaction, the chief financial officer now directly owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. The trade was a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,465 shares of company stock valued at $1,401,898 over the last quarter. Corporate insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank boosted its position in shares of SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after purchasing an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after purchasing an additional 71 shares in the last quarter. Journey Strategic Wealth LLC boosted its position in shares of SPS Commerce by 4.3% during the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker's stock worth $255,000 after purchasing an additional 79 shares in the last quarter. Blue Trust Inc. boosted its position in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares in the last quarter. Finally, Amica Retiree Medical Trust boosted its position in shares of SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock worth $95,000 after purchasing an additional 84 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

About SPS Commerce

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.