SPS Commerce (NASDAQ:SPSC) Shares Cross Above Fifty Day Moving Average – Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $83.46 and traded as high as $86.78. SPS Commerce shares last traded at $85.08, with a volume of 773,651 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPSC shares. Stifel Nicolaus lifted their target price on SPS Commerce from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. Citigroup restated a “buy” rating and issued a $99.00 price target (up from $82.00) on shares of SPS Commerce in a research note on Tuesday, October 20th. Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, DA Davidson raised their price target on shares of SPS Commerce from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.33.

SPS Commerce Stock Up 2.5%

The firm has a market capitalization of $3.06 billion, a P/E ratio of 37.81 and a beta of 0.62. The firm has a 50 day moving average of $83.46 and a 200-day moving average of $68.37.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The business had revenue of $197.65 million for the quarter, compared to the consensus estimate of $197.51 million. During the same quarter in the prior year, the business posted $1.13 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that SPS Commerce, Inc. will post 3.59 EPS for the current year.

Institutional Trading of SPS Commerce

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its position in shares of SPS Commerce by 72.5% in the third quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker’s stock worth $27,000 after purchasing an additional 140 shares during the period. Versant Capital Management Inc raised its stake in SPS Commerce by 11.8% in the third quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock valued at $142,000 after purchasing an additional 182 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in SPS Commerce by 22.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,842 shares of the software maker’s stock worth $152,000 after purchasing an additional 342 shares during the period. VELA Investment Management LLC lifted its position in SPS Commerce by 1.6% during the second quarter. VELA Investment Management LLC now owns 26,091 shares of the software maker’s stock worth $1,492,000 after purchasing an additional 400 shares during the period. Finally, KBC Group NV lifted its position in SPS Commerce by 38.8% during the first quarter. KBC Group NV now owns 1,459 shares of the software maker’s stock worth $81,000 after purchasing an additional 408 shares during the period. 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 software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.