SPS Commerce, Inc. (SPSC) Earns “Hold” Rating from KeyCorp
A number of other equities research analysts also recently issued reports on SPSC. Oppenheimer Holdings, Inc. reissued a buy rating on shares of SPS Commerce in a research report on Tuesday, August 8th. BidaskClub downgraded shares of SPS Commerce from a sell rating to a strong sell rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of SPS Commerce from a hold rating to a buy rating and set a $65.00 price objective for the company in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a hold rating and set a $65.00 price objective on shares of SPS Commerce in a research report on Wednesday, July 26th. Finally, Northland Securities set a $84.00 price objective on shares of SPS Commerce and gave the company a buy rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $75.50.
SPS Commerce (SPSC) opened at 60.20 on Friday. SPS Commerce has a 1-year low of $48.11 and a 1-year high of $74.85. The company has a market capitalization of $1.04 billion, a P/E ratio of 113.80 and a beta of 1.20. The firm has a 50-day moving average price of $59.00 and a 200-day moving average price of $58.44.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The firm had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.74 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts forecast that SPS Commerce will post $0.88 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of SPSC. State of Alaska Department of Revenue increased its position in shares of SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after buying an additional 60 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of SPS Commerce by 113.1% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after buying an additional 1,131 shares in the last quarter. Blueport Capital L.P. increased its position in shares of SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its position in shares of SPS Commerce by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after buying an additional 24 shares in the last quarter. 98.27% of the stock is owned by institutional investors.
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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