SPS Commerce, Inc. (SPSC) Director Michael A. Smerklo Sells 227 Shares of Stock
SPS Commerce, Inc. (NASDAQ:SPSC) Director Michael A. Smerklo sold 227 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $61.38, for a total value of $13,933.26. Following the sale, the director now directly owns 682 shares in the company, valued at $41,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded down 0.08% on Friday, hitting $60.87. The stock had a trading volume of 48,912 shares. The firm has a 50 day moving average price of $58.99 and a 200 day moving average price of $58.51. The company has a market capitalization of $1.05 billion, a P/E ratio of 115.07 and a beta of 1.20. SPS Commerce, Inc. has a one year low of $48.11 and a one year high of $74.85.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post $0.88 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on SPSC. BidaskClub lowered SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 target price on shares of SPS Commerce in a research report on Wednesday, July 26th. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. CIBC began coverage on SPS Commerce in a research report on Friday, July 21st. They set an “outperform” rating and a $74.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. set a $74.00 target price on SPS Commerce and gave the stock a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $75.50.
Hedge funds have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its stake in shares of SPS Commerce by 0.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 148,725 shares of the software maker’s stock valued at $9,483,000 after buying an additional 450 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of SPS Commerce during the second quarter valued at approximately $237,000. DF Dent & Co. Inc. acquired a new stake in shares of SPS Commerce during the second quarter valued at approximately $404,000. The Manufacturers Life Insurance Company increased its stake in shares of SPS Commerce by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,084 shares of the software maker’s stock valued at $835,000 after buying an additional 279 shares during the last quarter. Finally, Southpoint Capital Advisors LP increased its stake in shares of SPS Commerce by 88.0% in the second quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the software maker’s stock valued at $47,820,000 after buying an additional 351,103 shares during the last quarter. 98.27% of the stock is currently owned by institutional investors and hedge funds.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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