SPS Commerce, Inc. (SPSC) Receives Average Recommendation of “Buy” from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the company. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $76.00.

Several analysts have weighed in on the company. Benchmark Co. lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised SPS Commerce from a “sell” rating to a “hold” rating in a report on Friday, February 24th. JMP Securities lowered their target price on SPS Commerce from $78.00 to $74.00 and set an “outperform” rating on the stock in a report on Wednesday, February 8th. Canaccord Genuity lowered SPS Commerce from a “buy” rating to a “hold” rating and lowered their target price for the company from $82.00 to $65.00 in a report on Wednesday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price (down previously from $83.00) on shares of SPS Commerce in a report on Wednesday, February 8th.

SPS Commerce (NASDAQ:SPSC) traded down 4.99% during trading on Thursday, hitting $57.10. 390,888 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $57.10 and its 200 day moving average price is $64.27. The firm has a market cap of $980.98 million, a price-to-earnings ratio of 173.03 and a beta of 1.27. SPS Commerce has a 12-month low of $47.43 and a 12-month high of $74.85.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Tuesday, February 7th. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $51.10 million for the quarter, compared to analyst estimates of $50.91 million. SPS Commerce had a return on equity of 4.14% and a net margin of 2.95%. SPS Commerce’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities analysts forecast that SPS Commerce will post $0.82 earnings per share for the current fiscal year.

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In related news, COO James J. Frome sold 2,859 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $66.97, for a total transaction of $191,467.23. Following the sale, the chief operating officer now owns 18,111 shares of the company’s stock, valued at $1,212,893.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Archie C. Black sold 15,000 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $68.08, for a total value of $1,021,200.00. Following the transaction, the chief executive officer now owns 78,229 shares in the company, valued at $5,325,830.32. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new position in SPS Commerce during the first quarter valued at $110,000. State of Alaska Department of Revenue increased its position in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after buying an additional 60 shares during the period. Conestoga Capital Advisors LLC increased its position in SPS Commerce by 4.3% in the first quarter. Conestoga Capital Advisors LLC now owns 677,911 shares of the software maker’s stock valued at $39,651,000 after buying an additional 28,223 shares during the period. Louisiana State Employees Retirement System increased its position in SPS Commerce by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the software maker’s stock valued at $409,000 after buying an additional 200 shares during the period. Finally, Bank of Montreal Can increased its position in SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock valued at $212,000 after buying an additional 23 shares during the period.

SPS Commerce Company Profile

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.