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

SPSC has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $110.00 target price (up from $64.00) on shares of SPS Commerce in a research report on Wednesday, February 13th. ValuEngine upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, March 1st. BidaskClub upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Finally, upped their target price on shares of SPS Commerce from $95.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th.

Shares of NASDAQ SPSC traded up $1.10 during mid-day trading on Friday, hitting $104.36. 101,167 shares of the company’s stock traded hands, compared to its average volume of 157,367. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 85.54, a P/E/G ratio of 4.45 and a beta of 0.78. SPS Commerce has a 1 year low of $68.80 and a 1 year high of $115.00.

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

In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,080 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $95.95, for a total value of $487,426.00. Following the transaction, the chief financial officer now directly owns 48,529 shares in the company, valued at approximately $4,656,357.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 4,213 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $94.00, for a total transaction of $396,022.00. Following the completion of the transaction, the chief financial officer now owns 48,529 shares in the company, valued at $4,561,726. The disclosure for this sale can be found here. Insiders have sold a total of 64,629 shares of company stock worth $6,738,399 over the last quarter. 3.34% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in SPS Commerce by 0.3% in the 4th quarter. BlackRock Inc. now owns 2,764,683 shares of the software maker’s stock worth $227,754,000 after acquiring an additional 7,844 shares in the last quarter. Vanguard Group Inc grew its stake in SPS Commerce by 6.7% in the 3rd quarter. Vanguard Group Inc now owns 1,104,668 shares of the software maker’s stock worth $109,627,000 after acquiring an additional 69,574 shares in the last quarter. Vanguard Group Inc. grew its stake in SPS Commerce by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,104,668 shares of the software maker’s stock worth $109,627,000 after acquiring an additional 69,574 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in SPS Commerce by 1.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 542,415 shares of the software maker’s stock worth $57,529,000 after acquiring an additional 5,833 shares in the last quarter. Finally, Portsea Asset Management LLP grew its stake in SPS Commerce by 32.5% in the 1st quarter. Portsea Asset Management LLP now owns 410,481 shares of the software maker’s stock worth $43,536,000 after acquiring an additional 100,785 shares in the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.

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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