SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $161.50.
A number of research firms recently issued reports on SPSC. StockNews.com raised SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Craig Hallum dropped their price objective on SPS Commerce from $210.00 to $160.00 in a report on Thursday, July 28th. Finally, Needham & Company LLC dropped their price objective on SPS Commerce from $200.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, July 21st.
SPS Commerce Stock Up 3.5 %
SPS Commerce stock opened at $130.60 on Monday. The stock has a 50-day simple moving average of $113.51 and a 200 day simple moving average of $118.50. SPS Commerce has a 12-month low of $96.41 and a 12-month high of $174.42. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 102.03 and a beta of 0.77.
SPS Commerce (NASDAQ:SPSC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. SPS Commerce had a return on equity of 10.61% and a net margin of 11.46%. The business had revenue of $109.18 million during the quarter, compared to analysts’ expectations of $108.95 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that SPS Commerce will post 1.5 EPS for the current year.
Hedge Funds Weigh In On SPS Commerce
Institutional investors have recently modified their holdings of the stock. Standard Family Office LLC acquired a new position in shares of SPS Commerce during the 4th quarter worth about $94,000. Conestoga Capital Advisors LLC grew its position in shares of SPS Commerce by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,832,943 shares of the software maker’s stock worth $240,482,000 after buying an additional 24,504 shares during the period. Mcmorgan & Co. LLC grew its position in shares of SPS Commerce by 2.5% during the 4th quarter. Mcmorgan & Co. LLC now owns 8,305 shares of the software maker’s stock worth $1,182,000 after buying an additional 200 shares during the period. Pembroke Management LTD grew its position in shares of SPS Commerce by 22.7% during the 1st quarter. Pembroke Management LTD now owns 155,623 shares of the software maker’s stock worth $20,418,000 after buying an additional 28,796 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of SPS Commerce by 437.3% during the 1st quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker’s stock worth $42,000 after buying an additional 258 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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