SPS Commerce (NASDAQ:SPSC) released its earnings results on Monday. The software maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04, Bloomberg Earnings reports. The firm had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $57.47 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS.

SPS Commerce (NASDAQ:SPSC) traded down $0.07 during trading hours on Tuesday, hitting $50.40. The stock had a trading volume of 126,180 shares, compared to its average volume of 116,515. The company has a market capitalization of $893.08, a PE ratio of 102.86, a P/E/G ratio of 2.93 and a beta of 1.10. SPS Commerce has a 52 week low of $45.02 and a 52 week high of $67.20.

SPS Commerce announced that its board has authorized a stock buyback program on Thursday, November 2nd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several brokerages have issued reports on SPSC. ValuEngine lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Friday. Benchmark reiterated a “sell” rating on shares of SPS Commerce in a research report on Monday, October 30th. Canaccord Genuity cut their target price on shares of SPS Commerce from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. Stifel Nicolaus cut their target price on shares of SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, BidaskClub upgraded shares of SPS Commerce from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.00.

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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.

Earnings History for SPS Commerce (NASDAQ:SPSC)

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