Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $198.11

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $195.38.

Several brokerages recently issued reports on SPSC. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Robert W. Baird boosted their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note 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 on the stock in a research note on Monday, April 14th. Finally, Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th.

SPS Commerce Stock Performance

NASDAQ:SPSC traded down $2.92 during trading hours on Monday, reaching $149.75. The company's stock had a trading volume of 317,964 shares, compared to its average volume of 242,156. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 73.41 and a beta of 0.81. The firm has a 50-day simple moving average of $133.79 and a 200-day simple moving average of $162.22. SPS Commerce has a 1 year low of $120.09 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results 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 net margin of 12.08% and a return on equity of 12.27%. The company had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. During the same quarter last year, the company earned $0.86 EPS. The firm's revenue was up 21.4% compared to the same quarter last year. Equities analysts anticipate that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,465 shares of company stock worth $1,401,898. 0.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Thematics Asset Management increased its position in SPS Commerce by 12.7% during the 1st quarter. Thematics Asset Management now owns 175,190 shares of the software maker's stock valued at $23,253,000 after purchasing an additional 19,738 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker's stock worth $117,813,000 after buying an additional 225,848 shares during the last quarter. Comerica Bank grew its position in shares of SPS Commerce by 7.9% in the 1st quarter. Comerica Bank now owns 120,783 shares of the software maker's stock worth $16,032,000 after buying an additional 8,799 shares during the last quarter. Synovus Financial Corp boosted its stake in SPS Commerce by 104.2% in the 1st quarter. Synovus Financial Corp now owns 19,256 shares of the software maker's stock worth $2,556,000 after purchasing an additional 9,826 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in SPS Commerce by 158.4% in the 1st quarter. Jump Financial LLC now owns 49,221 shares of the software maker's stock worth $6,533,000 after purchasing an additional 30,174 shares in the last quarter. Hedge funds and other 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.