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

SPS Commerce (NASDAQ:SPSC) had its price objective increased by equities researchers at Stifel Nicolaus from $200.00 to $225.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price suggests a potential upside of 6.25% from the stock’s previous close.

Several other brokerages have also commented on SPSC. Robert W. Baird raised their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Citigroup upped their price target on SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Needham & Company LLC raised their price objective on SPS Commerce from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Finally, Redburn Atlantic started coverage on shares of SPS Commerce in a report on Tuesday, May 14th. They set a “buy” rating and a $220.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.50.

SPS Commerce Stock Performance

SPSC stock traded up $6.15 on Friday, reaching $211.77. The company’s stock had a trading volume of 45,959 shares, compared to its average volume of 179,819. The firm has a market cap of $7.84 billion, a PE ratio of 114.87 and a beta of 0.85. The business has a fifty day simple moving average of $191.89 and a two-hundred day simple moving average of $185.90. SPS Commerce has a 12-month low of $151.96 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.35 by $0.20. The firm had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. As a group, research analysts anticipate that SPS Commerce will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total value of $1,273,341.30. Following the transaction, the director now owns 14,728 shares in the company, valued at approximately $2,855,759.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the sale, the director now directly owns 14,728 shares in the company, valued at approximately $2,855,759.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock worth $2,422,377 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of SPS Commerce

A number of institutional investors have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. bought a new stake in shares of SPS Commerce in the fourth quarter worth $26,000. Mather Group LLC. lifted its stake in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after purchasing an additional 128 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of SPS Commerce in the second quarter worth approximately $30,000. CVA Family Office LLC bought a new stake in SPS Commerce during the fourth quarter valued at approximately $44,000. Finally, UMB Bank n.a. increased its holdings in SPS Commerce by 224.7% during the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares during 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.