Kimberly K. Nelson Sells 28,644 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock
SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 28,644 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $57.29, for a total value of $1,641,014.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SPSC opened at $57.78 on Thursday. The stock’s 50-day moving average price is $56.31 and its 200 day moving average price is $67.10. SPS Commerce, Inc. has a 12-month low of $42.44 and a 12-month high of $59.14. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 94.72, a PEG ratio of 3.56 and a beta of 0.63.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. SPS Commerce had a return on equity of 9.80% and a net margin of 11.67%. The firm had revenue of $70.90 million for the quarter, compared to analyst estimates of $70.09 million. During the same quarter in the prior year, the company earned $0.52 EPS. SPS Commerce’s revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that SPS Commerce, Inc. will post 0.92 earnings per share for the current year.
Several brokerages have recently commented on SPSC. Oppenheimer set a $61.00 price target on SPS Commerce and gave the company a “buy” rating in a research note on Friday, October 25th. First Analysis upped their price target on SPS Commerce from $61.00 to $68.00 and gave the company a “strong-buy” rating in a research note on Thursday. BidaskClub raised SPS Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of SPS Commerce in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. SPS Commerce presently has a consensus rating of “Buy” and an average target price of $59.65.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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