Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $112.82.

A number of analysts have commented on SPSC shares. BidaskClub upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $124.00 target price for the company in a research note on Wednesday, May 1st. ValuEngine cut shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and set a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a research note on Friday, April 26th. Finally, raised their target price on shares of SPS Commerce from $95.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 13th.

In other SPS Commerce news, CFO Kimberly K. Nelson sold 20,000 shares of SPS Commerce stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $104.23, for a total value of $2,084,600.00. Following the completion of the sale, the chief financial officer now owns 70,987 shares in the company, valued at approximately $7,398,975.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,644 shares of SPS Commerce stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $105.00, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 9,235 shares of the company’s stock, valued at approximately $969,675. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,289 shares of company stock valued at $3,263,288. 3.34% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. raised its stake in SPS Commerce by 281.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 294 shares of the software maker’s stock worth $31,000 after purchasing an additional 217 shares in the last quarter. Enlightenment Research LLC bought a new position in SPS Commerce in the 4th quarter valued at about $25,000. Quantamental Technologies LLC bought a new position in SPS Commerce in the 4th quarter valued at about $33,000. C M Bidwell & Associates Ltd. bought a new position in SPS Commerce in the 1st quarter valued at about $46,000. Finally, JNBA Financial Advisors bought a new position in SPS Commerce in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

SPS Commerce stock traded down $0.88 during mid-day trading on Tuesday, reaching $107.17. The company’s stock had a trading volume of 149,157 shares, compared to its average volume of 156,145. The company has a market cap of $1.93 billion, a P/E ratio of 87.84, a price-to-earnings-growth ratio of 4.48 and a beta of 0.73. SPS Commerce has a 12 month low of $72.13 and a 12 month high of $115.00. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.05.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 25th. The software maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.30. The business had revenue of $66.93 million during the quarter, compared to the consensus estimate of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities research analysts forecast that SPS Commerce will post 1.6 EPS for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, 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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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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