SPS Commerce (NASDAQ:SPSC) PT Raised to $225.00 at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its target price boosted by Stifel Nicolaus from $200.00 to $225.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on SPSC. William Blair reaffirmed a market perform rating on shares of SPS Commerce in a research report on Thursday, April 25th. Redburn Atlantic assumed coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They issued a buy rating and a $220.00 price target on the stock. Needham & Company LLC raised their price target on shares of SPS Commerce from $205.00 to $230.00 and gave the company a buy rating in a research note on Friday. Citigroup raised their price target on shares of SPS Commerce from $213.00 to $222.00 and gave the company a buy rating in a research note on Friday, May 10th. Finally, Robert W. Baird raised their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the company a neutral rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $216.25.

SPS Commerce Price Performance

NASDAQ SPSC opened at $209.00 on Friday. The stock’s fifty day moving average price is $192.15 and its 200 day moving average price is $186.10. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 114.21 and a beta of 0.85. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $153.60 million for the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.61% and a net margin of 12.31%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Research analysts expect that SPS Commerce will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the sale, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the sale, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock valued at $2,422,377 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SPS Commerce

Institutional investors have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at $26,000. Mather Group LLC. grew its stake in shares of SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPS Commerce in the second quarter valued at $30,000. CVA Family Office LLC acquired a new stake in shares of SPS Commerce in the fourth quarter valued at $44,000. Finally, UMB Bank n.a. grew its stake in shares of SPS Commerce by 224.7% in the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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.