Wall Street brokerages forecast that SPS Commerce, Inc. (NASDAQ:SPSC) will post $0.21 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for SPS Commerce’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. SPS Commerce reported earnings per share of $0.29 during the same quarter last year, which suggests a negative year-over-year growth rate of 27.6%. The company is scheduled to issue its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that SPS Commerce will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.92. For the next financial year, analysts forecast that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The firm had revenue of $56.15 million during the quarter, compared to analyst estimates of $56.15 million. During the same period in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis.

A number of analysts have recently commented on SPSC shares. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. reduced their price target on shares of SPS Commerce from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Benchmark Co. reiterated a “sell” rating on shares of SPS Commerce in a research note on Monday, October 30th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $75.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Northland Securities set a $84.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $69.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPSC. BlackRock Inc. grew its position in SPS Commerce by 139,789.2% during 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. Janus Henderson Group PLC bought a new stake in SPS Commerce during the second quarter valued at approximately $41,711,000. Capital World Investors bought a new stake in SPS Commerce during the second quarter valued at approximately $28,879,000. Southpoint Capital Advisors LP grew its position in SPS Commerce by 88.0% during 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, Ruane Cunniff & Goldfarb Inc. grew its position in SPS Commerce by 50.3% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock valued at $43,401,000 after buying an additional 256,117 shares during the period. Institutional investors own 95.18% of the company’s stock.

Shares of SPS Commerce (NASDAQ:SPSC) opened at $50.51 on Thursday. SPS Commerce has a 12 month low of $45.02 and a 12 month high of $73.16. The company has a market cap of $865.35, a P/E ratio of 76.12, a PEG ratio of 3.40 and a beta of 1.07.

SPS Commerce announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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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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