Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $86.29.

Several equities research analysts recently issued reports on the company. BidaskClub raised SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective for the company in a research note on Friday, August 3rd. Stifel Nicolaus lifted their price objective on SPS Commerce from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $82.00 price objective on shares of SPS Commerce in a research note on Friday, July 27th. Finally, Canaccord Genuity lifted their price objective on SPS Commerce from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 27th.

In other SPS Commerce news, CEO Archie C. Black sold 10,000 shares of SPS Commerce stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $85.33, for a total transaction of $853,300.00. Following the completion of the sale, the chief executive officer now owns 89,352 shares of the company’s stock, valued at $7,624,406.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 18,215 shares of SPS Commerce stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $85.21, for a total value of $1,552,100.15. Following the sale, the chief financial officer now directly owns 70,957 shares of the company’s stock, valued at approximately $6,046,245.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,495 shares of company stock valued at $3,600,600. Corporate insiders own 2.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in SPS Commerce by 10.4% during the second quarter. BlackRock Inc. now owns 2,385,431 shares of the software maker’s stock worth $175,281,000 after purchasing an additional 224,322 shares during the last quarter. FMR LLC lifted its stake in SPS Commerce by 19.8% during the second quarter. FMR LLC now owns 1,218,502 shares of the software maker’s stock worth $89,536,000 after purchasing an additional 201,002 shares during the last quarter. Wells Fargo & Company MN lifted its stake in SPS Commerce by 7.4% during the second quarter. Wells Fargo & Company MN now owns 553,841 shares of the software maker’s stock worth $40,695,000 after purchasing an additional 38,323 shares during the last quarter. Echo Street Capital Management LLC lifted its stake in SPS Commerce by 22.2% during the first quarter. Echo Street Capital Management LLC now owns 546,293 shares of the software maker’s stock worth $35,001,000 after purchasing an additional 99,318 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in SPS Commerce by 6.8% during the second quarter. Conestoga Capital Advisors LLC now owns 437,566 shares of the software maker’s stock worth $32,152,000 after purchasing an additional 27,680 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SPSC traded down $1.07 during mid-day trading on Friday, hitting $96.95. The company had a trading volume of 4,379 shares, compared to its average volume of 138,613. The stock has a market cap of $1.69 billion, a PE ratio of 234.19, a price-to-earnings-growth ratio of 4.21 and a beta of 0.77. SPS Commerce has a 1 year low of $45.02 and a 1 year high of $98.99.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.16. The company had revenue of $61.09 million during the quarter, compared to analysts’ expectations of $59.78 million. SPS Commerce had a return on equity of 4.25% and a net margin of 0.61%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. analysts predict that SPS Commerce will post 1.15 EPS for the current fiscal year.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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