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SPS Commerce (NASDAQ:SPSC – Get Rating) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.
A number of other brokerages have also recently weighed in on SPSC. Stifel Nicolaus lifted their price objective on SPS Commerce from $140.00 to $150.00 in a research note on Wednesday, October 5th. TheStreet cut SPS Commerce from a “b-” rating to a “c” rating in a research note on Friday, October 28th. Finally, StockNews.com assumed coverage on SPS Commerce in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.00.
SPS Commerce Stock Up 0.4 %
SPSC stock opened at $137.97 on Wednesday. The business has a fifty day moving average of $129.22 and a two-hundred day moving average of $121.72. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 98.55 and a beta of 0.73. SPS Commerce has a 52-week low of $96.41 and a 52-week high of $146.81.
SPS Commerce (NASDAQ:SPSC – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.14. SPS Commerce had a return on equity of 11.70% and a net margin of 12.04%. The business had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $113.83 million. As a group, sell-side analysts anticipate that SPS Commerce will post 1.58 EPS for the current year.
Insider Buying and Selling
In other SPS Commerce news, CFO Kimberly K. Nelson sold 2,526 shares of SPS Commerce stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $146.15, for a total transaction of $369,174.90. Following the completion of the sale, the chief financial officer now directly owns 126,388 shares of the company’s stock, valued at approximately $18,471,606.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SPS Commerce news, CEO Archie C. Black sold 3,845 shares of SPS Commerce stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total transaction of $481,278.65. Following the completion of the sale, the chief executive officer now directly owns 56,272 shares of the company’s stock, valued at approximately $7,043,566.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 2,526 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $146.15, for a total value of $369,174.90. Following the completion of the sale, the chief financial officer now directly owns 126,388 shares of the company’s stock, valued at $18,471,606.20. The disclosure for this sale can be found here. Insiders sold 27,374 shares of company stock valued at $3,691,944 in the last three months. 1.30% of the stock is owned by corporate insiders.
Institutional Trading of SPS Commerce
Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC increased its position in SPS Commerce by 4.4% in the 3rd quarter. Park Avenue Securities LLC now owns 2,106 shares of the software maker’s stock valued at $262,000 after acquiring an additional 89 shares during the period. FDx Advisors Inc. increased its position in SPS Commerce by 3.4% during the 2nd quarter. FDx Advisors Inc. now owns 2,885 shares of the software maker’s stock worth $326,000 after purchasing an additional 95 shares during the period. Inspire Investing LLC increased its position in SPS Commerce by 5.4% during the 2nd quarter. Inspire Investing LLC now owns 1,870 shares of the software maker’s stock worth $211,000 after purchasing an additional 96 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of SPS Commerce by 28.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 496 shares of the software maker’s stock worth $62,000 after acquiring an additional 110 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of SPS Commerce by 6.8% in the 1st quarter. Cetera Investment Advisers now owns 1,791 shares of the software maker’s stock worth $235,000 after acquiring an additional 114 shares during the period. 99.09% of the stock is owned by hedge funds and other institutional investors.
About SPS Commerce
(Get Rating)
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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