SPS Commerce, Inc. (NASDAQ:SPSC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $89.93 and traded as high as $49.11. SPS Commerce shares last traded at $48.75, with a volume of 2,285 shares traded.
A number of brokerages have weighed in on SPSC. ValuEngine downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, September 26th. BidaskClub upgraded shares of SPS Commerce from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 19th. Oppenheimer decreased their price objective on shares of SPS Commerce from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Canaccord Genuity decreased their price objective on shares of SPS Commerce to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company. SPS Commerce currently has an average rating of “Buy” and a consensus target price of $58.61.
The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $47.92 and its two-hundred day moving average is $89.93. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 79.80, a P/E/G ratio of 3.69 and a beta of 0.63.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 25th. The software maker reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.10. SPS Commerce had a net margin of 11.69% and a return on equity of 9.10%. The firm had revenue of $68.53 million during the quarter, compared to the consensus estimate of $68.13 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts predict that SPS Commerce, Inc. will post 0.87 earnings per share for the current year.
In other SPS Commerce news, CEO Archie C. Black sold 25,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $112.61, for a total value of $2,815,250.00. Following the completion of the sale, the chief executive officer now owns 68,344 shares in the company, valued at approximately $7,696,217.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Archie C. Black sold 5,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the sale, the chief executive officer now owns 68,344 shares of the company’s stock, valued at approximately $7,859,560. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,349 shares of company stock valued at $5,120,617. Insiders own 3.34% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SPSC. Boston Advisors LLC boosted its holdings in shares of SPS Commerce by 3.1% in the second quarter. Boston Advisors LLC now owns 28,385 shares of the software maker’s stock valued at $2,901,000 after acquiring an additional 847 shares in the last quarter. Foundry Partners LLC bought a new position in shares of SPS Commerce in the second quarter valued at about $1,507,000. SG Americas Securities LLC increased its position in SPS Commerce by 724.8% in the second quarter. SG Americas Securities LLC now owns 109,682 shares of the software maker’s stock worth $11,211,000 after purchasing an additional 96,384 shares during the period. Prentiss Smith & Co. Inc. acquired a new stake in SPS Commerce in the second quarter worth about $2,324,000. Finally, Bessemer Group Inc. increased its position in SPS Commerce by 2.7% in the second quarter. Bessemer Group Inc. now owns 38,600 shares of the software maker’s stock worth $3,945,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 49.41% of the company’s stock.
SPS Commerce Company Profile (NASDAQ:SPSC)
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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