SPS Commerce, Inc. (NASDAQ:SPSC) Receives $192.56 Consensus PT from Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $192.56.

Several research firms have recently commented on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Robert W. Baird raised their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price target for the company. Finally, DA Davidson decreased their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th.

SPS Commerce Price Performance

Shares of SPSC stock opened at $144.50 on Friday. The company has a 50-day moving average of $139.31 and a two-hundred day moving average of $157.55. SPS Commerce has a 1-year low of $120.09 and a 1-year high of $218.61. The firm has a market cap of $5.49 billion, a PE ratio of 70.83 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The business had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. Sell-side analysts anticipate that SPS Commerce will post 2.73 EPS for the current fiscal year.

Institutional Trading of SPS Commerce

Several institutional investors have recently modified their holdings of SPSC. Blue Trust Inc. lifted its position in shares of SPS Commerce by 109.9% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the software maker’s stock worth $70,000 after buying an additional 188 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of SPS Commerce by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 21,350 shares of the software maker’s stock worth $3,928,000 after buying an additional 181 shares during the last quarter. Entropy Technologies LP lifted its position in shares of SPS Commerce by 52.2% during the 4th quarter. Entropy Technologies LP now owns 2,916 shares of the software maker’s stock worth $537,000 after buying an additional 1,000 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of SPS Commerce by 1.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 119,437 shares of the software maker’s stock worth $21,975,000 after buying an additional 1,135 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of SPS Commerce by 1.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the software maker’s stock worth $3,349,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.