SPS Commerce’s (SPSC) Market Perform Rating Reaffirmed at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of SPS Commerce (NASDAQ:SPSC) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $181.00 price objective on the software maker’s stock, down from their previous price objective of $209.00.

SPSC has been the subject of a number of other research reports. Stifel Nicolaus reduced their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Wednesday, January 15th. Citigroup dropped their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Piper Sandler began 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. Finally, Robert W. Baird increased their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Down 13.8 %

Shares of NASDAQ SPSC opened at $152.72 on Tuesday. The firm’s 50-day moving average price is $187.58 and its 200-day moving average price is $189.54. SPS Commerce has a 52-week low of $148.00 and a 52-week high of $218.61. The company has a market cap of $5.74 billion, a PE ratio of 73.07 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. As a group, equities research analysts anticipate that SPS Commerce will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,230 shares of company stock worth $6,379,187 in the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zions Bancorporation N.A. boosted its holdings in shares of SPS Commerce by 18.6% during the 4th quarter. Zions Bancorporation N.A. now owns 16,122 shares of the software maker’s stock valued at $2,966,000 after purchasing an additional 2,531 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in shares of SPS Commerce by 59.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 19,371 shares of the software maker’s stock worth $3,567,000 after buying an additional 7,193 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in SPS Commerce by 7.9% during the fourth quarter. Summit Creek Advisors LLC now owns 127,150 shares of the software maker’s stock valued at $23,394,000 after buying an additional 9,293 shares during the last quarter. Vanguard Group Inc. grew its holdings in SPS Commerce by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock valued at $852,032,000 after buying an additional 67,687 shares in the last quarter. Finally, LPL Financial LLC increased its stake in SPS Commerce by 13.0% in the 4th quarter. LPL Financial LLC now owns 46,561 shares of the software maker’s stock worth $8,674,000 after acquiring an additional 5,353 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

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.