Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) Price Target at $192.56

SPS Commerce, Inc. (NASDAQ:SPSC) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $192.56.

SPSC has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Stifel Nicolaus reduced their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. DA Davidson reduced their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Northland Securities restated a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th.

SPS Commerce Price Performance

SPSC stock opened at $144.50 on Friday. The firm’s fifty day simple moving average is $139.31 and its 200-day simple moving average is $157.55. The company has a market capitalization of $5.49 billion, a P/E ratio of 70.83 and a beta of 0.73. SPS Commerce has a 12 month low of $120.09 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The business had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same period in the prior year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, sell-side analysts forecast that SPS Commerce will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in SPS Commerce by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after buying an additional 16,272 shares during the period. Mutual of America Capital Management LLC boosted its stake in SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after buying an additional 110 shares during the period. Van ECK Associates Corp boosted its stake in SPS Commerce by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker’s stock worth $5,505,000 after buying an additional 7,871 shares during the period. Asset Management One Co. Ltd. purchased a new position in SPS Commerce during the fourth quarter worth about $628,000. Finally, Vanguard Group Inc. boosted its stake in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after buying an additional 67,687 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.