Equities analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to report sales of $56.18 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for SPS Commerce’s earnings. The highest sales estimate is $56.43 million and the lowest is $56.00 million. SPS Commerce posted sales of $49.28 million in the same quarter last year, which indicates a positive year over year growth rate of 14%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that SPS Commerce will report full-year sales of $56.18 million for the current year, with estimates ranging from $220.58 million to $221.62 million. For the next fiscal year, analysts forecast that the firm will post sales of $252.03 million per share, with estimates ranging from $250.10 million to $253.70 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for SPS Commerce.

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, topping the consensus estimate of $0.19 by $0.04. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $53.74 million. During the same quarter last year, the business posted $0.15 EPS. The business’s revenue was up 14.6% on a year-over-year basis.

SPSC has been the topic of several analyst reports. Needham & Company LLC reduced their price objective on SPS Commerce from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Friday, May 5th. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Oppenheimer Holdings, Inc. initiated coverage on SPS Commerce in a research note on Thursday, July 20th. They set an “outperform” rating and a $74.00 price objective on the stock. Finally, CIBC initiated coverage on SPS Commerce in a research note on Friday, July 21st. They set an “outperform” rating and a $74.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. SPS Commerce currently has a consensus rating of “Buy” and a consensus target price of $75.50.

Shares of SPS Commerce (SPSC) opened at 59.09 on Tuesday. SPS Commerce has a 12-month low of $48.11 and a 12-month high of $74.85. The firm has a 50-day moving average price of $59.26 and a 200 day moving average price of $58.54. The stock has a market cap of $1.02 billion, a PE ratio of 111.70 and a beta of 1.20.

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Several hedge funds and other institutional investors have recently made changes to their positions in SPSC. BlackRock Inc. raised its position in shares of SPS Commerce by 139,789.2% in the first quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock valued at $117,414,000 after buying an additional 2,005,975 shares during the period. Vanguard Group Inc. raised its position in shares of SPS Commerce by 7.1% in the second quarter. Vanguard Group Inc. now owns 963,631 shares of the software maker’s stock valued at $61,441,000 after buying an additional 64,257 shares during the period. FMR LLC raised its position in shares of SPS Commerce by 33.6% in the first quarter. FMR LLC now owns 850,300 shares of the software maker’s stock valued at $49,734,000 after buying an additional 214,000 shares during the period. Southpoint Capital Advisors LP raised its position in shares of SPS Commerce by 88.0% in the second quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the software maker’s stock valued at $47,820,000 after buying an additional 351,103 shares during the period. Finally, Columbia Wanger Asset Management LLC raised its position in shares of SPS Commerce by 10.8% in the first quarter. Columbia Wanger Asset Management LLC now owns 722,485 shares of the software maker’s stock valued at $42,258,000 after buying an additional 70,356 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.

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