SPS Commerce’s (SPSC) “Hold” Rating Reaffirmed at KeyCorp
Other equities analysts also recently issued research reports about the company. Northland Securities set a $84.00 price target on SPS Commerce and gave the stock a buy rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $74.00 target price on SPS Commerce and gave the company a buy rating in a report on Friday, July 28th. Zacks Investment Research raised SPS Commerce from a hold rating to a buy rating and set a $63.00 target price for the company in a report on Friday, May 5th. Needham & Company LLC cut their price target on SPS Commerce from $70.00 to $64.00 and set a buy rating for the company in a report on Friday, April 28th. Finally, BidaskClub cut SPS Commerce from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $75.50.
Shares of SPS Commerce (SPSC) traded down 1.25% during trading on Friday, hitting $59.32. 55,628 shares of the company were exchanged. SPS Commerce has a 1-year low of $48.11 and a 1-year high of $74.85. The company has a 50 day moving average of $59.00 and a 200-day moving average of $58.44. The stock has a market capitalization of $1.02 billion, a PE ratio of 112.14 and a beta of 1.20.
SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The firm had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.74 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. On average, analysts forecast that SPS Commerce will post $0.88 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake 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 during the period. Victory Capital Management Inc. boosted its stake in SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock worth $117,000 after buying an additional 911 shares during the period. Riverhead Capital Management LLC boosted its stake in SPS Commerce by 113.1% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock worth $136,000 after buying an additional 1,131 shares during the period. Pinebridge Investments L.P. boosted its stake in SPS Commerce by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock worth $145,000 after buying an additional 24 shares during the period. Finally, Blueport Capital L.P. boosted its stake in SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock worth $139,000 after buying an additional 525 shares during the period. Institutional investors 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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