$91.25 Million in Sales Expected for SPS Commerce, Inc. (NASDAQ:SPSC) This Quarter

Brokerages expect that SPS Commerce, Inc. (NASDAQ:SPSC) will post $91.25 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for SPS Commerce’s earnings, with estimates ranging from $91.00 million to $91.50 million. SPS Commerce reported sales of $75.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.7%. The company is expected to announce its next earnings report on Thursday, July 29th.

According to Zacks, analysts expect that SPS Commerce will report full-year sales of $371.90 million for the current financial year, with estimates ranging from $367.69 million to $373.40 million. For the next year, analysts forecast that the company will post sales of $412.21 million, with estimates ranging from $410.30 million to $417.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, February 10th. The software maker reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $83.31 million for the quarter, compared to analysts’ expectations of $80.67 million. SPS Commerce had a return on equity of 11.32% and a net margin of 13.67%.

Several equities analysts recently issued reports on the company. Northland Securities upgraded SPS Commerce from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $113.00 to $123.00 in a research report on Thursday, May 6th. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC raised their price target on SPS Commerce from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.60.

In other news, CEO Archie C. Black sold 18,339 shares of SPS Commerce stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $109.21, for a total value of $2,002,802.19. Following the sale, the chief executive officer now directly owns 127,201 shares in the company, valued at approximately $13,891,621.21. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO James J. Frome sold 1,406 shares of SPS Commerce stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $109.44, for a total value of $153,872.64. Following the completion of the sale, the chief operating officer now owns 63,980 shares in the company, valued at $7,001,971.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,097 shares of company stock worth $4,041,132. Corporate insiders own 7.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of SPS Commerce by 3.6% during the fourth quarter. BlackRock Inc. now owns 5,736,617 shares of the software maker’s stock valued at $622,941,000 after purchasing an additional 198,764 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of SPS Commerce by 1.2% during the first quarter. Conestoga Capital Advisors LLC now owns 1,799,344 shares of the software maker’s stock valued at $178,693,000 after purchasing an additional 21,860 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of SPS Commerce by 13.0% during the fourth quarter. Riverbridge Partners LLC now owns 986,370 shares of the software maker’s stock valued at $107,110,000 after purchasing an additional 113,703 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of SPS Commerce by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 691,643 shares of the software maker’s stock valued at $75,106,000 after purchasing an additional 44,168 shares in the last quarter. Finally, Credit Suisse AG boosted its position in shares of SPS Commerce by 66.6% during the fourth quarter. Credit Suisse AG now owns 636,989 shares of the software maker’s stock valued at $69,170,000 after purchasing an additional 254,692 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.

Shares of NASDAQ SPSC opened at $95.40 on Wednesday. The stock’s 50-day moving average is $101.28 and its 200 day moving average is $102.11. SPS Commerce has a 1-year low of $54.23 and a 1-year high of $118.06. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 84.43, a P/E/G ratio of 5.99 and a beta of 0.89.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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