SPS Commerce Inc. (SPSC) Stock Price Up 1.4%
Shares of SPS Commerce Inc. (NASDAQ:SPSC) rose 1.4% during trading on Tuesday . The stock traded as high as $64.83 and last traded at $64.78, with a volume of 119,501 shares traded. The stock had previously closed at $63.88.
SPSC has been the subject of several recent research reports. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, April 27th. Canaccord Genuity reiterated a “buy” rating on shares of SPS Commerce in a report on Saturday, April 23rd. Finally, Needham & Company LLC increased their price objective on SPS Commerce from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $70.50.
The firm’s 50-day moving average is $60.28 and its 200-day moving average is $51.83. The company has a market cap of $1.12 billion and a P/E ratio of 234.82.
SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. During the same quarter in the previous year, the firm posted $0.18 EPS. The business had revenue of $474 million for the quarter, compared to the consensus estimate of $47.06 million. The business’s revenue was up 22.2% on a year-over-year basis. Equities research analysts anticipate that SPS Commerce Inc. will post $0.98 EPS for the current year.
In other SPS Commerce news, CEO Archie C. Black sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $56.01, for a total transaction of $560,100.00. Following the completion of the sale, the chief executive officer now owns 78,600 shares in the company, valued at approximately $4,402,386. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently raised its position in SPS Commerce stock. Rhumbline Advisers boosted its stake in shares of SPS Commerce Inc. (NASDAQ:SPSC) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,054 shares of the company’s stock after buying an additional 1,140 shares during the period. Rhumbline Advisers owned about 0.10% of SPS Commerce worth $1,197,000 at the end of the most recent quarter.
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers place, manage and fulfill orders.