BidaskClub Downgrades SPS Commerce, Inc. (SPSC) to Buy
BidaskClub cut shares of SPS Commerce, Inc. (NASDAQ:SPSC) from a strong-buy rating to a buy rating in a report published on Tuesday, July 11th.
SPSC has been the subject of several other research reports. Needham & Company LLC lowered their price objective on shares of SPS Commerce from $70.00 to $64.00 and set a buy rating for the company in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of SPS Commerce from a hold rating to a buy rating and set a $63.00 price objective for the company in a research note on Friday, May 5th. Finally, Benchmark Co. lowered shares of SPS Commerce from a buy rating to a hold rating in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. SPS Commerce has a consensus rating of Buy and an average target price of $75.50.
SPS Commerce (NASDAQ:SPSC) opened at 57.92 on Tuesday. SPS Commerce has a 12-month low of $48.11 and a 12-month high of $74.85. The stock has a 50 day moving average of $60.97 and a 200 day moving average of $59.67. The firm has a market cap of $997.44 million, a PE ratio of 109.49 and a beta of 1.20.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $54.30 million during the quarter, compared to analyst estimates of $53.74 million. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. SPS Commerce’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. On average, equities research analysts anticipate that SPS Commerce will post $0.88 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of SPSC. Bank of Montreal Can increased its position in SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares in the last quarter. State of Alaska Department of Revenue increased its position in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in SPS Commerce by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,890 shares of the software maker’s stock worth $228,000 after buying an additional 70 shares in the last quarter. PNC Financial Services Group Inc. increased its position in SPS Commerce by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,042 shares of the software maker’s stock worth $294,000 after buying an additional 81 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in SPS Commerce by 0.9% in the second quarter. Texas Permanent School Fund now owns 12,553 shares of the software maker’s stock worth $800,000 after buying an additional 113 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
SPS Commerce Company Profile
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.
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