Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $198.11

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $195.38.

Several research analysts have recently issued reports on SPSC shares. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a research note on Friday, April 25th. DA Davidson decreased their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Piper Sandler decreased their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. This trade represents a 0.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,465 shares of company stock worth $1,401,898. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce in the 4th quarter valued at about $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce in the 4th quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. Allworth Financial LP increased its holdings in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 1.9%

Shares of NASDAQ:SPSC opened at $149.75 on Monday. The company’s 50 day moving average is $134.22 and its two-hundred day moving average is $162.14. SPS Commerce has a 52 week low of $120.09 and a 52 week high of $218.61. The company has a market cap of $5.69 billion, a PE ratio of 73.41 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The business had revenue of $181.55 million during the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities research analysts expect that SPS Commerce will post 2.73 EPS for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.