Several other equities research analysts have also recently issued reports on SPSC. Zacks Investment Research cut shares of SPS Commerce from a hold rating to a sell rating in a research report on Wednesday, June 22nd. Needham & Company LLC lifted their price objective on shares of SPS Commerce from $60.00 to $70.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. Finally, First Analysis started coverage on shares of SPS Commerce in a research report on Monday, September 26th. They issued an overweight rating and a $86.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $78.25.
Shares of SPS Commerce (NASDAQ:SPSC) opened at 72.56 on Thursday. SPS Commerce has a 12 month low of $38.35 and a 12 month high of $78.29. The firm’s 50-day moving average price is $68.55 and its 200 day moving average price is $57.89. The firm has a market capitalization of $1.23 billion, a P/E ratio of 259.14 and a beta of 1.17.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business earned $474 million during the quarter, compared to analysts’ expectations of $47.06 million. SPS Commerce had a net margin of 2.73% and a return on equity of 3.84%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Analysts anticipate that SPS Commerce will post $0.98 earnings per share for the current fiscal year.
In other news, Director Michael A. Smerklo sold 580 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $67.40, for a total transaction of $39,092.00. Following the transaction, the director now directly owns 760 shares in the company, valued at $51,224. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Smerklo sold 581 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $65.74, for a total transaction of $38,194.94. Following the transaction, the director now owns 1,340 shares in the company, valued at $88,091.60. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of SPS Commerce by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,322 shares of the company’s stock worth $141,000 after buying an additional 285 shares during the period. Bank of Montreal Can purchased a new position in shares of SPS Commerce during the second quarter worth about $180,000. Menta Capital LLC purchased a new position in shares of SPS Commerce during the second quarter worth about $212,000. HBK Investments L P purchased a new position in shares of SPS Commerce during the first quarter worth about $273,000. Finally, Suntrust Banks Inc. purchased a new position in shares of SPS Commerce during the second quarter worth about $326,000.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.
Receive News & Ratings for SPS Commerce Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce Inc. and related companies with MarketBeat.com's FREE daily email newsletter.