Robert W. Baird Boosts SPS Commerce (NASDAQ:SPSC) Price Target to $178.00

SPS Commerce (NASDAQ:SPSC) had its price objective raised by Robert W. Baird from $172.00 to $178.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other research analysts have also recently weighed in on the stock. Citigroup initiated coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a buy rating and a $216.00 price objective for the company. Needham & Company LLC restated a buy rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday. Finally, StockNews.com cut shares of SPS Commerce from a buy rating to a hold rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of Moderate Buy and a consensus target price of $196.57.

SPS Commerce Price Performance

Shares of SPSC opened at $178.96 on Friday. The company has a market capitalization of $6.64 billion, a P/E ratio of 97.79 and a beta of 0.79. SPS Commerce has a one year low of $140.00 and a one year high of $218.74. The business’s 50 day simple moving average is $178.97 and its 200-day simple moving average is $179.08.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. On average, sell-side analysts anticipate that SPS Commerce will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares in the company, valued at approximately $16,137,034.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO James J. Frome sold 12,887 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.27, for a total value of $2,310,252.49. Following the completion of the sale, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the completion of the sale, the director now owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,688 shares of company stock worth $12,122,275. Insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

A number of large investors have recently made changes to their positions in SPSC. Vanguard Group Inc. boosted its stake in SPS Commerce by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,288,681 shares of the software maker’s stock worth $831,318,000 after purchasing an additional 38,132 shares during the period. Congress Asset Management Co. MA boosted its stake in SPS Commerce by 1.5% in the 1st quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after purchasing an additional 12,397 shares during the period. Ameriprise Financial Inc. boosted its stake in SPS Commerce by 27.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after purchasing an additional 128,788 shares during the period. William Blair Investment Management LLC boosted its stake in SPS Commerce by 19.0% in the 3rd quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock worth $97,155,000 after purchasing an additional 90,964 shares during the period. Finally, FMR LLC boosted its stake in SPS Commerce by 0.4% in the 3rd 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 during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.