SPS Commerce (NASDAQ:SPSC) Earns Neutral Rating from Analysts at Piper Sandler

Equities researchers at Piper Sandler started coverage on shares of SPS Commerce (NASDAQ:SPSC) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $198.00 price target on the software maker’s stock. Piper Sandler’s price target would suggest a potential upside of 4.69% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Robert W. Baird lifted their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus lifted their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus target price of $220.78.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $189.13 on Monday. SPS Commerce has a 1-year low of $160.58 and a 1-year high of $218.74. The stock has a market cap of $7.11 billion, a P/E ratio of 90.49 and a beta of 0.84. The stock’s 50 day simple moving average is $186.64 and its 200-day simple moving average is $191.26.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same period in the prior year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts expect that SPS Commerce will post 2.39 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

Large investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its position in shares of SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after purchasing an additional 58 shares in the last quarter. Geode Capital Management LLC grew its holdings in SPS Commerce by 1.5% in the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after purchasing an additional 14,174 shares during the period. Barclays PLC grew its position in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after acquiring an additional 44,946 shares during the period. Public Employees Retirement System of Ohio increased its holdings in SPS Commerce by 15,980.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,060 shares of the software maker’s stock valued at $2,342,000 after purchasing an additional 11,985 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of SPS Commerce by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 9,450 shares of the software maker’s stock valued at $1,835,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds 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.