Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $220.25

SPS Commerce, Inc. (NASDAQ:SPSC) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $220.25.

Several research firms have recently weighed in on SPSC. Craig Hallum raised their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, August 2nd. DA Davidson lifted their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Redburn Atlantic assumed coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target on the stock.

Insider Buying and Selling

In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares in the company, valued at $2,855,759.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other SPS Commerce news, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the sale, the director now owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was 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 $2,855,759.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,242 shares of company stock worth $2,825,077. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in SPS Commerce by 13,300.0% during the fourth quarter. International Assets Investment Management LLC now owns 19,966 shares of the software maker’s stock worth $3,870,000 after purchasing an additional 19,817 shares during the period. DekaBank Deutsche Girozentrale increased its stake in SPS Commerce by 29.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,398 shares of the software maker’s stock worth $469,000 after buying an additional 543 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in SPS Commerce by 7.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,574 shares of the software maker’s stock worth $305,000 after buying an additional 108 shares in the last quarter. Cerity Partners LLC purchased a new position in SPS Commerce in the 4th quarter valued at approximately $212,000. Finally, WCM Investment Management LLC grew its stake in shares of SPS Commerce by 6.7% in the fourth quarter. WCM Investment Management LLC now owns 102,107 shares of the software maker’s stock worth $20,034,000 after acquiring an additional 6,433 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $192.98 on Friday. The stock has a market capitalization of $7.15 billion, a PE ratio of 105.45 and a beta of 0.85. SPS Commerce has a fifty-two week low of $151.96 and a fifty-two week high of $218.74. The company has a fifty day moving average of $194.22 and a two-hundred day moving average of $187.60.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. Research analysts forecast that SPS Commerce will post 2.33 earnings per share for the current year.

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.