SPS Commerce, Inc. (SPSC) Lowered to “Hold” at BidaskClub

SPS Commerce, Inc. (NASDAQ:SPSC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 19th.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Benchmark Co. cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Needham & Company LLC reduced their price target on shares of SPS Commerce from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $75.50.

SPS Commerce (SPSC) traded down 0.70% during midday trading on Wednesday, reaching $58.17. 67,760 shares of the company traded hands. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 109.96 and a beta of 1.20. The stock’s 50 day moving average is $59.82 and its 200 day moving average is $58.82. SPS Commerce has a one year low of $48.11 and a one year high of $74.85.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.74 million. During the same period last year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that SPS Commerce will post $0.88 earnings per share for the current year.

WARNING: This piece of content was originally published by [[site]] and is the property of of [[site]]. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at [[permalink]].

Several hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its stake in SPS Commerce by 5.6% in the fourth quarter. Comerica Bank now owns 18,063 shares of the software maker’s stock worth $1,275,000 after buying an additional 964 shares during the period. State Street Corp raised its stake in SPS Commerce by 8.7% in the fourth quarter. State Street Corp now owns 368,873 shares of the software maker’s stock worth $25,787,000 after buying an additional 29,392 shares during the period. FMR LLC raised its stake in SPS Commerce by 82.7% in the fourth quarter. FMR LLC now owns 636,300 shares of the software maker’s stock worth $44,471,000 after buying an additional 288,047 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in SPS Commerce by 37.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,900 shares of the software maker’s stock worth $412,000 after buying an additional 1,600 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in SPS Commerce by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,190 shares of the software maker’s stock worth $642,000 after buying an additional 330 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

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.