SPS Commerce (NASDAQ:SPSC) PT Raised to $178.00

SPS Commerce (NASDAQ:SPSC) had its price objective increased by Robert W. Baird from $172.00 to $178.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Several other equities analysts have also issued reports on SPSC. Citigroup started coverage on SPS Commerce in a research note on Wednesday, March 13th. They set a buy rating and a $216.00 target price on the stock. StockNews.com lowered shares of SPS Commerce from a buy rating to a hold rating in a report on Friday, March 15th. Finally, Needham & Company LLC restated a buy rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $196.57.

SPS Commerce Price Performance

NASDAQ SPSC opened at $182.47 on Friday. SPS Commerce has a 12 month low of $145.17 and a 12 month high of $218.74. The stock has a market capitalization of $6.76 billion, a P/E ratio of 99.71 and a beta of 0.79. The firm’s 50-day moving average is $178.76 and its two-hundred day moving average is $179.30.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The firm had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. As a group, analysts anticipate that SPS Commerce will post 2.13 EPS for the current year.

Insider Activity

In related news, Director Archie C. Black sold 12,875 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares in the company, valued at $16,137,034.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kimberly K. Nelson sold 5,965 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total value of $1,092,609.05. Following the completion of the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at $27,027,283.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Archie C. Black sold 12,875 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.42, for a total value of $2,310,032.50. Following the transaction, the director now directly owns 89,940 shares in the company, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,688 shares of company stock worth $12,122,275. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of SPS Commerce by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,288,681 shares of the software maker’s stock worth $831,318,000 after acquiring an additional 38,132 shares during the last quarter. Congress Asset Management Co. MA increased its stake in SPS Commerce by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock valued at $155,928,000 after purchasing an additional 12,397 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SPS Commerce by 27.6% in the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock valued at $101,449,000 after buying an additional 128,788 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of SPS Commerce by 19.0% during the third quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock worth $97,155,000 after buying an additional 90,964 shares during the period. Finally, FMR LLC grew its holdings in shares of SPS Commerce by 0.4% during the third quarter. FMR LLC now owns 507,955 shares of the software maker’s stock worth $86,662,000 after buying an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.