SPS Commerce, Inc. (SPSC) Given a $84.00 Price Target at Northland Securities
Northland Securities set a $84.00 price target on SPS Commerce, Inc. (NASDAQ:SPSC) in a research report report published on Thursday. The firm currently has a buy rating on the software maker’s stock.
Other analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. set a $74.00 target price on SPS Commerce and gave the stock a buy rating in a research note on Friday. BidaskClub cut SPS Commerce from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Zacks Investment Research raised SPS Commerce from a hold rating to a buy rating and set a $63.00 price objective on the stock in a research report on Friday, May 5th. Needham & Company LLC cut their price objective on SPS Commerce from $70.00 to $64.00 and set a buy rating on the stock in a research report on Friday, April 28th. Finally, Benchmark Co. cut SPS Commerce from a buy rating to a hold rating in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. SPS Commerce currently has a consensus rating of Buy and a consensus price target of $75.30.
Shares of SPS Commerce (SPSC) opened at 58.83 on Thursday. SPS Commerce has a 12 month low of $48.11 and a 12 month high of $74.85. The company’s 50 day moving average price is $61.09 and its 200 day moving average price is $59.99. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 111.21 and a beta of 1.22.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. SPS Commerce’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. On average, equities analysts expect that SPS Commerce will post $0.86 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SPSC. State Street Corp boosted its stake in SPS Commerce by 8.7% in the fourth quarter. State Street Corp now owns 368,873 shares of the software maker’s stock valued at $25,787,000 after buying an additional 29,392 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of SPS Commerce by 37.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,900 shares of the software maker’s stock worth $412,000 after buying an additional 1,600 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of SPS Commerce by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,190 shares of the software maker’s stock worth $642,000 after buying an additional 330 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of SPS Commerce by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the software maker’s stock worth $409,000 after buying an additional 200 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.
About SPS Commerce
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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