Media headlines about SPS Commerce (NASDAQ:SPSC) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SPS Commerce earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 47.1904779755557 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research analysts recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of SPS Commerce in a research report on Friday, August 25th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price target on shares of SPS Commerce in a research report on Wednesday, July 26th. CIBC began coverage on shares of SPS Commerce in a research report on Friday, July 21st. They set an “outperform” rating and a $74.00 price target on the stock. ValuEngine cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. SPS Commerce currently has an average rating of “Hold” and a consensus target price of $69.78.
SPS Commerce (NASDAQ SPSC) traded up $1.15 during trading hours on Friday, hitting $46.63. The stock had a trading volume of 194,949 shares, compared to its average volume of 200,642. The stock has a market capitalization of $803.17, a price-to-earnings ratio of 70.56, a PEG ratio of 3.15 and a beta of 1.07. SPS Commerce has a 52-week low of $45.02 and a 52-week high of $73.16.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 26th. The software maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. SPS Commerce had a return on equity of 4.25% and a net margin of 3.97%. The firm had revenue of $56.15 million during the quarter, compared to analyst estimates of $56.15 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. sell-side analysts forecast that SPS Commerce will post 0.59 earnings per share for the current fiscal year.
SPS Commerce announced that its Board of Directors has approved a share repurchase program on Thursday, November 2nd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to buy 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.
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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.
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