SPS Commerce (NASDAQ:SPSC) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Research analysts at Cantor Fitzgerald began coverage on shares of SPS Commerce (NASDAQ:SPSC - Get Free Report) in a research note issued on Tuesday, MarketBeat.com reports. The firm set an "overweight" rating and a $170.00 price target on the software maker's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 17.23% from the stock's current price.

SPSC has been the subject of a number of other research reports. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Robert W. Baird increased their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating 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 for the company in a research note on Tuesday, February 11th. Northland Securities reissued a "market perform" rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, DA Davidson reduced their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, SPS Commerce has a consensus rating of "Moderate Buy" and a consensus target price of $192.56.

SPS Commerce Trading Up 2.0%

Shares of SPSC stock traded up $2.88 during trading hours on Tuesday, hitting $145.01. The company's stock had a trading volume of 406,819 shares, compared to its average volume of 247,953. The company has a 50 day moving average of $138.36 and a 200 day moving average of $158.90. SPS Commerce has a 12-month low of $120.09 and a 12-month high of $218.61. The stock has a market cap of $5.51 billion, a PE ratio of 71.08 and a beta of 0.81.

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 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 the consensus estimate of $179.57 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company's revenue was up 21.4% compared to the same quarter last year. As a group, analysts anticipate that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares during the period. NewEdge Advisors LLC increased its holdings in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP raised its position in shares of SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after buying an additional 175 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

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.