Stifel Nicolaus Boosts SPS Commerce (NASDAQ:SPSC) Price Target to $250.00

SPS Commerce (NASDAQ:SPSC) had its price objective raised by stock analysts at Stifel Nicolaus from $240.00 to $250.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price suggests a potential upside of 42.53% from the stock’s current price.

Several other analysts also recently commented on SPSC. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Friday. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Craig Hallum upped their price objective on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. DA Davidson upped their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird upped their price objective on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $223.38.

SPS Commerce Trading Down 8.2 %

Shares of SPS Commerce stock traded down $15.58 on Friday, hitting $175.40. The stock had a trading volume of 216,222 shares, compared to its average volume of 177,912. SPS Commerce has a 52-week low of $151.96 and a 52-week high of $218.74. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 91.26 and a beta of 0.82. The company’s 50 day moving average price is $193.22 and its 200 day moving average price is $190.55.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. During the same period in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts predict that SPS Commerce will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now directly owns 16,212 shares of the company’s stock, valued at $3,264,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of SPS Commerce

Several large investors have recently modified their holdings of the business. First Bank & Trust acquired a new position in SPS Commerce in the first quarter worth about $275,000. Norden Group LLC raised its holdings in shares of SPS Commerce by 2,034.7% during the first quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock valued at $39,138,000 after buying an additional 201,764 shares during the last quarter. AMI Asset Management Corp raised its holdings in shares of SPS Commerce by 19.7% during the first quarter. AMI Asset Management Corp now owns 18,641 shares of the software maker’s stock valued at $3,447,000 after buying an additional 3,067 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of SPS Commerce by 36.5% during the first quarter. Van ECK Associates Corp now owns 13,228 shares of the software maker’s stock valued at $2,446,000 after buying an additional 3,538 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of SPS Commerce during the first quarter valued at approximately $595,000. 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.