Oppenheimer set a $61.00 target price on SPS Commerce (NASDAQ:SPSC) in a research report report published on Friday morning, TipRanks reports. The firm currently has a buy rating on the software maker’s stock.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded SPS Commerce from a hold rating to a buy rating and set a $53.00 target price on the stock in a research note on Thursday, September 26th. ValuEngine lowered SPS Commerce from a hold rating to a sell rating in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a buy rating and set a $60.00 price target on shares of SPS Commerce in a research report on Friday. First Analysis raised SPS Commerce from an outperform rating to a strong-buy rating in a research report on Friday. Finally, Canaccord Genuity lowered their price target on SPS Commerce to $60.00 and set a buy rating on the stock in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $58.72.
NASDAQ SPSC opened at $51.93 on Friday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 85.13, a PEG ratio of 3.73 and a beta of 0.63. The stock’s 50 day moving average price is $48.00 and its two-hundred day moving average price is $86.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.67 and a current ratio of 4.67. SPS Commerce has a 52 week low of $37.92 and a 52 week high of $59.14.
SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 24th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $70.90 million for the quarter, compared to analysts’ expectations of $70.09 million. SPS Commerce had a return on equity of 9.92% and a net margin of 11.67%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. On average, equities research analysts forecast that SPS Commerce will post 0.87 EPS for the current year.
Several large investors have recently bought and sold shares of SPSC. FTB Advisors Inc. increased its position in shares of SPS Commerce by 173.9% during the 3rd quarter. FTB Advisors Inc. now owns 556 shares of the software maker’s stock worth $26,000 after purchasing an additional 353 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of SPS Commerce during the 2nd quarter worth approximately $31,000. Advisor Group Inc. increased its position in shares of SPS Commerce by 28.3% during the 2nd quarter. Advisor Group Inc. now owns 857 shares of the software maker’s stock worth $87,000 after purchasing an additional 189 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of SPS Commerce by 167.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the software maker’s stock worth $89,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of SPS Commerce by 100.0% during the 3rd quarter. Stephens Inc. AR now owns 2,108 shares of the software maker’s stock worth $99,000 after purchasing an additional 1,054 shares during the last quarter. 50.82% of the stock is currently owned by hedge funds and other institutional investors.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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