Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $196.57

SPS Commerce, Inc. (NASDAQ:SPSC) has received an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $196.57.

Several equities analysts recently commented on the company. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Robert W. Baird upped their price target on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, April 26th. Finally, Citigroup assumed coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the transaction, the director now directly owns 15,747 shares in the company, valued at $3,102,631.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the sale, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James J. Frome sold 2,825 shares of SPS Commerce stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $187.47, for a total transaction of $529,602.75. Following the transaction, the chief operating officer now owns 56,930 shares of the company’s stock, valued at approximately $10,672,667.10. The disclosure for this sale can be found here. Insiders sold 28,019 shares of company stock worth $5,186,345 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. purchased a new position in SPS Commerce in the 4th quarter valued at about $26,000. NBC Securities Inc. acquired a new stake in SPS Commerce during the third quarter worth approximately $35,000. RiverPark Advisors LLC purchased a new stake in SPS Commerce in the 3rd quarter worth approximately $42,000. CVA Family Office LLC acquired a new position in SPS Commerce in the 4th quarter valued at $44,000. Finally, UMB Bank n.a. lifted its stake in shares of SPS Commerce by 224.7% during the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after purchasing an additional 164 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

SPSC stock opened at $188.97 on Thursday. The business’s 50-day moving average is $178.48 and its two-hundred day moving average is $179.72. The firm has a market capitalization of $7.00 billion, a P/E ratio of 103.26 and a beta of 0.81. SPS Commerce has a 1 year low of $149.98 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) 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 company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. On average, analysts expect that SPS Commerce will post 2.23 EPS for the current year.

About SPS Commerce

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.