SPS Commerce (NASDAQ:SPSC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

SPSC has been the subject of several other research reports. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Wednesday, November 1st. Oppenheimer lowered their price target on shares of SPS Commerce from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $75.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Canaccord Genuity lowered their price target on shares of SPS Commerce from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, ValuEngine lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. SPS Commerce presently has an average rating of “Hold” and a consensus target price of $66.43.

Shares of SPS Commerce (NASDAQ:SPSC) opened at $52.99 on Wednesday. The firm has a market cap of $868.11, a price-to-earnings ratio of -378.50, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. SPS Commerce has a 12 month low of $45.02 and a 12 month high of $64.85.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $58.20 million during the quarter, compared to analyst estimates of $57.47 million. SPS Commerce had a negative net margin of 1.11% and a positive return on equity of 2.81%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. sell-side analysts expect that SPS Commerce will post 0.71 earnings per share for the current fiscal year.

SPS Commerce announced that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds have recently bought and sold shares of SPSC. Schwab Charles Investment Management Inc. lifted its holdings in SPS Commerce by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,048 shares of the software maker’s stock worth $4,531,000 after purchasing an additional 508 shares during the period. Teachers Advisors LLC lifted its holdings in SPS Commerce by 3.4% in the second quarter. Teachers Advisors LLC now owns 45,243 shares of the software maker’s stock worth $2,885,000 after purchasing an additional 1,498 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in SPS Commerce by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 67,481 shares of the software maker’s stock worth $4,303,000 after purchasing an additional 892 shares during the period. Thrivent Financial For Lutherans lifted its holdings in SPS Commerce by 7.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,370 shares of the software maker’s stock worth $661,000 after purchasing an additional 680 shares during the period. Finally, Northern Trust Corp lifted its holdings in SPS Commerce by 3.4% in the second quarter. Northern Trust Corp now owns 274,754 shares of the software maker’s stock worth $17,517,000 after purchasing an additional 9,049 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

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About SPS Commerce

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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