Stifel Nicolaus Lowers SPS Commerce (NASDAQ:SPSC) Price Target to $225.00

SPS Commerce (NASDAQ:SPSC) had its price target decreased by equities research analysts at Stifel Nicolaus from $250.00 to $225.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 23.07% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Friday. Robert W. Baird raised their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They set a “neutral” rating and a $198.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

SPS Commerce Stock Up 0.0 %

SPSC opened at $182.82 on Friday. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 87.47 and a beta of 0.86. The firm has a 50 day moving average price of $185.67 and a 200-day moving average price of $191.38. SPS Commerce has a twelve month low of $160.58 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, analysts expect that SPS Commerce will post 2.38 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares in the company, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after acquiring an additional 69 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of SPS Commerce by 1,358.3% in the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after acquiring an additional 326 shares during the last quarter. Finally, Huntington National Bank grew its position in SPS Commerce by 63.0% in the third quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after acquiring an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.