SPS Commerce (NASDAQ:SPSC) Given New $250.00 Price Target at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its price target lifted by Stifel Nicolaus from $240.00 to $250.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

SPSC has been the subject of a number of other reports. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. DA Davidson upped their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Craig Hallum lifted their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.38.

SPS Commerce Trading Down 10.7 %

Shares of SPSC stock opened at $170.49 on Friday. The firm has a fifty day simple moving average of $192.69 and a two-hundred day simple moving average of $190.73. SPS Commerce has a 12 month low of $151.96 and a 12 month high of $218.74. The firm has a market capitalization of $6.31 billion, a PE ratio of 93.16 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million for the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, equities analysts predict that SPS Commerce will post 2.32 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of SPS Commerce

Several hedge funds and other institutional investors have recently modified their holdings of SPSC. First Bank & Trust purchased a new position in SPS Commerce in the 1st quarter valued at approximately $275,000. Norden Group LLC grew its position in shares of SPS Commerce by 2,034.7% in the first quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock valued at $39,138,000 after purchasing an additional 201,764 shares in the last quarter. AMI Asset Management Corp raised its stake in shares of SPS Commerce by 19.7% during the 1st quarter. AMI Asset Management Corp now owns 18,641 shares of the software maker’s stock valued at $3,447,000 after purchasing an additional 3,067 shares during the period. Van ECK Associates Corp lifted its holdings in SPS Commerce by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 13,228 shares of the software maker’s stock worth $2,446,000 after purchasing an additional 3,538 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in SPS Commerce during the 1st quarter worth about $595,000. Institutional investors own 98.96% of the company’s stock.

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.