FY2025 EPS Forecast for SPS Commerce Decreased by Analyst

SPS Commerce, Inc. (NASDAQ:SPSC) – Analysts at DA Davidson decreased their FY2025 EPS estimates for SPS Commerce in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $2.72 per share for the year, down from their previous estimate of $2.87. DA Davidson has a “Buy” rating and a $175.00 price target on the stock. The consensus estimate for SPS Commerce’s current full-year earnings is $2.73 per share.

A number of other research analysts have also recently weighed in on SPSC. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of SPS Commerce in a research note on Wednesday, March 26th. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.89.

SPS Commerce Trading Down 1.6 %

NASDAQ SPSC opened at $128.66 on Thursday. SPS Commerce has a 12 month low of $120.09 and a 12 month high of $218.61. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 63.07 and a beta of 0.89. The company’s 50 day moving average is $134.83 and its two-hundred day moving average is $169.23.

SPS Commerce (NASDAQ:SPSC) last released its quarterly 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 net margin of 12.08% and a return on equity of 12.27%.

Hedge Funds Weigh In On SPS Commerce

A number of large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in shares of SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after purchasing an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock valued at $231,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after acquiring an additional 84 shares during the last quarter. Amica Retiree Medical Trust lifted its position in shares of SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock valued at $95,000 after acquiring an additional 84 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock worth $1,476,000 after acquiring an additional 91 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is owned by company insiders.

SPS Commerce Company Profile

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.