SPS Commerce, Inc. (NASDAQ:SPSC) Receives $207.11 Consensus Target Price from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $207.11.

Several research firms recently issued reports on SPSC. Northland Securities restated a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. 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, Robert W. Baird cut their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock valued at $6,613,078. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Advisors Asset Management Inc. grew its holdings in shares of SPS Commerce by 129.9% in the third 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the 4th quarter valued at $40,000. Hurley Capital LLC purchased a new stake in shares of SPS Commerce during the 4th quarter valued at $41,000. Blue Trust Inc. raised its stake in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares during the period. Finally, R Squared Ltd bought a new position in SPS Commerce during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 2.0 %

NASDAQ SPSC opened at $133.50 on Friday. The firm has a market capitalization of $5.04 billion, a PE ratio of 65.44 and a beta of 0.92. The business’s 50-day moving average price is $152.14 and its two-hundred day moving average price is $175.44. SPS Commerce has a 12 month low of $122.58 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, analysts forecast that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

About SPS Commerce

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.