SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across supply chains through greater analytics capabilities. In addition, it offers various complimentary products, such as assortment product, which enables accurate order management and rapid fulfillment; and community product that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
Analyst Ratings Changes
SPSC has been the subject of a number of recent analyst reports. StockNews.com raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Needham & Company LLC dropped their target price on SPS Commerce from $200.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, July 21st. Finally, Craig Hallum reduced their price target on SPS Commerce from $210.00 to $160.00 in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.50.
SPS Commerce Trading Up 3.5 %
Shares of SPSC opened at $130.60 on Monday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 102.03 and a beta of 0.77. SPS Commerce has a 52 week low of $96.41 and a 52 week high of $174.42. The stock has a 50 day moving average of $113.51 and a 200-day moving average of $118.50.
SPS Commerce (NASDAQ:SPSC - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The software maker reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.04. SPS Commerce had a net margin of 11.46% and a return on equity of 10.61%. The business had revenue of $109.18 million during the quarter, compared to the consensus estimate of $108.95 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that SPS Commerce will post 1.5 earnings per share for the current fiscal year.