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

SPS Commerce (NASDAQ:SPSC) had its price objective raised by Stifel Nicolaus from $200.00 to $225.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other equities analysts have also commented on SPSC. Robert W. Baird increased their price objective on SPS Commerce from $178.00 to $186.00 and gave the company a neutral rating in a research report on Friday. DA Davidson increased their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a buy rating in a research report on Friday. Citigroup increased their price objective on SPS Commerce from $213.00 to $222.00 and gave the company a buy rating in a research report on Friday, May 10th. Needham & Company LLC raised their price target on SPS Commerce from $205.00 to $230.00 and gave the stock a buy rating in a research report on Friday. Finally, William Blair restated a market perform rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of Moderate Buy and an average price target of $216.25.

SPS Commerce Trading Up 1.6 %

Shares of SPS Commerce stock opened at $209.00 on Friday. The stock has a fifty day simple moving average of $192.15 and a 200 day simple moving average of $186.10. SPS Commerce has a 12-month low of $151.96 and a 12-month high of $218.74. The company has a market capitalization of $7.74 billion, a P/E ratio of 114.21 and a beta of 0.85.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $151.87 million. SPS Commerce had a return on equity of 12.61% and a net margin of 12.31%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, analysts predict that SPS Commerce will post 2.23 EPS for the current year.

Insider Activity

In other news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Burr Ramsey sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total value of $1,273,341.30. Following the completion of the transaction, 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 sold a total of 12,242 shares of company stock worth $2,422,377 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. purchased a new position in SPS Commerce during the fourth quarter valued at $26,000. Mather Group LLC. raised its stake in SPS Commerce by 800.0% during 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 during the last quarter. Opal Wealth Advisors LLC purchased a new position in SPS Commerce during the second quarter valued at $30,000. CVA Family Office LLC purchased a new position in SPS Commerce during the fourth quarter valued at $44,000. Finally, UMB Bank n.a. raised its stake in SPS Commerce by 224.7% during 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 during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.