Stifel Nicolaus Cuts SPS Commerce (NASDAQ:SPSC) Price Target to $200.00

SPS Commerce (NASDAQ:SPSC) had its price objective trimmed by Stifel Nicolaus from $225.00 to $200.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

SPSC has been the subject of a number of other reports. Robert W. Baird reduced their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Needham & Company LLC reduced their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday. Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Price Performance

SPSC stock opened at $148.50 on Tuesday. The firm’s fifty day simple moving average is $186.73 and its 200-day simple moving average is $189.28. The company has a market capitalization of $5.58 billion, a P/E ratio of 71.05 and a beta of 0.88. SPS Commerce has a 12 month low of $147.27 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. As a group, sell-side analysts forecast that SPS Commerce will post 2.38 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. 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 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,230 shares of company stock valued at $6,379,187 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SPS Commerce

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce in the 4th quarter valued at $40,000. Hurley Capital LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at $41,000. Finally, R Squared Ltd acquired a new position in shares of SPS Commerce in the 4th quarter valued at $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

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.