Several other equities analysts have also issued reports on the stock. BidaskClub lowered shares of SPS Commerce from a sell rating to a strong sell rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of SPS Commerce from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Wednesday, August 2nd. Northland Securities set a $84.00 target price on shares of SPS Commerce and gave the company a buy rating in a report on Thursday, July 27th. Canaccord Genuity restated a hold rating and issued a $65.00 target price on shares of SPS Commerce in a report on Wednesday, July 26th. Finally, CIBC assumed coverage on shares of SPS Commerce in a report on Friday, July 21st. They issued an outperform rating and a $74.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $75.50.
Shares of SPS Commerce (NASDAQ:SPSC) traded up 0.83% during mid-day trading on Tuesday, reaching $57.37. The company had a trading volume of 46,491 shares. The firm has a market capitalization of $987.97 million, a price-to-earnings ratio of 108.45 and a beta of 1.20. The stock has a 50 day moving average of $60.12 and a 200-day moving average of $59.17. SPS Commerce has a one year low of $48.11 and a one year high of $74.85.
SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. SPS Commerce’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities analysts predict that SPS Commerce will post $0.88 EPS for the current year.
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Several institutional investors have recently made changes to their positions in SPSC. Simplex Trading LLC bought a new position in shares of SPS Commerce during the first quarter valued at $110,000. State of Alaska Department of Revenue raised its position in shares of SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after buying an additional 60 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of SPS Commerce by 113.1% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after buying an additional 1,131 shares in the last quarter. Finally, Blueport Capital L.P. raised its position in shares of SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
SPS Commerce Company Profile
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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