SPS Commerce (NASDAQ:SPSC)‘s stock had its “hold” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued on Friday. They presently have a $57.00 target price on the software maker’s stock. Canaccord Genuity’s price target would suggest a potential downside of 12.48% from the company’s previous close.

SPSC has been the subject of a number of other reports. Zacks Investment Research lowered SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. BidaskClub raised SPS Commerce from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. ValuEngine raised SPS Commerce from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $62.00 target price on shares of SPS Commerce in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.43.

Shares of SPS Commerce stock opened at $65.13 on Friday. SPS Commerce has a one year low of $45.02 and a one year high of $67.18. The stock has a market capitalization of $1,124.30, a P/E ratio of 155.07, a PEG ratio of 3.52 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The business had revenue of $58.20 million during the quarter, compared to analyst estimates of $57.47 million. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. equities analysts anticipate that SPS Commerce will post 0.87 earnings per share for the current fiscal year.

In other SPS Commerce news, CFO Kimberly K. Nelson sold 5,968 shares of SPS Commerce stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $67.00, for a total transaction of $399,856.00. Following the completion of the transaction, the chief financial officer now owns 58,710 shares in the company, valued at approximately $3,933,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in SPS Commerce by 21.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 83,132 shares of the software maker’s stock valued at $4,040,000 after purchasing an additional 14,494 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of SPS Commerce in the 4th quarter worth approximately $553,000. Two Sigma Investments LP boosted its stake in shares of SPS Commerce by 94.0% in the 4th quarter. Two Sigma Investments LP now owns 138,183 shares of the software maker’s stock worth $6,714,000 after buying an additional 66,956 shares during the last quarter. Comerica Bank boosted its stake in shares of SPS Commerce by 11.7% in the 4th quarter. Comerica Bank now owns 23,841 shares of the software maker’s stock worth $1,222,000 after buying an additional 2,493 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new position in shares of SPS Commerce in the 4th quarter worth approximately $2,971,000. Institutional investors and hedge funds own 98.38% of the company’s stock.

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About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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