Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) Price Target at $196.57

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $196.57.

Several research firms have weighed in on SPSC. Citigroup began coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target on the stock. Robert W. Baird upped their price target on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. StockNews.com lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, April 26th.

SPS Commerce Price Performance

SPSC stock opened at $188.13 on Thursday. The company has a market cap of $6.97 billion, a P/E ratio of 102.80 and a beta of 0.81. SPS Commerce has a 1 year low of $151.63 and a 1 year high of $218.74. The stock’s fifty day moving average price is $178.67 and its 200-day moving average price is $180.01.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. As a group, analysts expect that SPS Commerce will post 2.23 earnings per share for the current year.

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the sale, the director now directly owns 15,747 shares in the company, valued at $3,102,631.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Archie C. Black sold 8,723 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the transaction, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Insiders have sold 28,019 shares of company stock valued at $5,186,345 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of SPS Commerce by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,288,681 shares of the software maker’s stock valued at $831,318,000 after purchasing an additional 38,132 shares during the period. Congress Asset Management Co. MA increased its position in shares of SPS Commerce by 1.5% during the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after acquiring an additional 12,397 shares during the period. William Blair Investment Management LLC raised its stake in shares of SPS Commerce by 2.9% during the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock valued at $110,508,000 after acquiring an additional 17,012 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SPS Commerce by 27.6% in the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock valued at $101,449,000 after purchasing an additional 128,788 shares during the period. Finally, FMR LLC grew its stake in SPS Commerce by 0.4% in the third quarter. FMR LLC now owns 507,955 shares of the software maker’s stock worth $86,662,000 after purchasing an additional 2,152 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.