SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report)'s stock price shot up 6.8% during mid-day trading on Monday . The stock traded as high as $139.84 and last traded at $140.73. 108,390 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 262,353 shares. The stock had previously closed at $131.73.
Analyst Ratings Changes
Several brokerages recently issued reports on SPSC. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Morgan Stanley began coverage on shares of SPS Commerce in a research report on Monday. They issued an "overweight" rating and a $180.00 target price for the company. Cantor Fitzgerald began coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price for the company. DA Davidson cut their target price 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. Finally, Robert W. Baird upped their target price 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $191.30.
Check Out Our Latest Research Report on SPSC
SPS Commerce Price Performance
The stock has a market capitalization of $5.35 billion, a P/E ratio of 65.83 and a beta of 0.71. The firm's 50 day moving average price is $140.96 and its 200 day moving average price is $148.20.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. During the same quarter last year, the firm earned $0.86 earnings per share. The business's revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.
Hedge Funds Weigh In On SPS Commerce
Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in shares of SPS Commerce by 60.6% during the second quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after buying an additional 125 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after buying an additional 191 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of SPS Commerce by 296.6% during the first 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 last quarter. Institutional investors own 98.96% of the company's stock.
SPS Commerce Company Profile
(
Get Free Report)
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.
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