According to Zacks, “SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The Company delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. The Company’s delivery model also enables it to offer greater functionality, integration and reliability with less cost and risk than traditional solutions. The Company provides its solutions through SPSCommerce.net, a hosted software. SPSCommerce.net uses pre-built integrations to eliminate the need for on-premise software and support staff, which enables its supplier customers to shorten supply cycle times, optimize inventory levels, reduce costs and satisfy retailer requirements. SPS Commerce is headquartered in Minneapolis. “
A number of other analysts have also issued reports on the company. First Analysis assumed coverage on SPS Commerce in a report on Monday, September 26th. They issued an overweight rating and a $86.00 price target for the company. Needham & Company LLC boosted their price target on SPS Commerce from $70.00 to $83.00 and gave the company a buy rating in a report on Monday, September 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $78.25.
Shares of SPS Commerce (NASDAQ:SPSC) opened at 72.89 on Wednesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 260.32 and a beta of 1.17. The firm has a 50 day moving average price of $68.37 and a 200-day moving average price of $57.66. SPS Commerce has a 12-month low of $38.35 and a 12-month high of $78.29.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm earned $474 million during the quarter, compared to analyst estimates of $47.06 million. SPS Commerce had a return on equity of 3.84% and a net margin of 2.73%. SPS Commerce’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities analysts expect that SPS Commerce will post $0.98 earnings per share for the current fiscal year.
In other news, Director Michael A. Smerklo sold 581 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $65.74, for a total transaction of $38,194.94. Following the completion of the sale, the director now owns 1,340 shares in the company, valued at approximately $88,091.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael A. Smerklo sold 580 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $67.40, for a total value of $39,092.00. Following the sale, the director now owns 760 shares of the company’s stock, valued at approximately $51,224. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors raised its stake in shares of SPS Commerce by 0.6% in the second quarter. Nationwide Fund Advisors now owns 10,874 shares of the company’s stock valued at $659,000 after buying an additional 65 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of SPS Commerce by 2.3% in the second quarter. Mackenzie Financial Corp now owns 10,118 shares of the company’s stock valued at $613,000 after buying an additional 227 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of SPS Commerce by 3.0% in the second quarter. BlackRock Advisors LLC now owns 8,046 shares of the company’s stock valued at $488,000 after buying an additional 235 shares in the last quarter. Teacher Retirement System of Texas raised its stake 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 valued at $141,000 after buying an additional 285 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of SPS Commerce by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,519 shares of the company’s stock valued at $3,244,000 after buying an additional 756 shares in the last quarter.
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.
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