SPS Commerce, Inc. (NASDAQ:SPSC)‘s stock had its “buy” rating restated by Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Tuesday.
Several other brokerages have also recently issued reports on SPSC. BidaskClub upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Benchmark Co. cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price objective on shares of SPS Commerce in a research note on Wednesday, July 26th. Finally, CIBC began coverage on SPS Commerce in a research note on Friday, July 21st. They issued an “outperform” rating and a $74.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $75.50.
SPS Commerce (NASDAQ SPSC) traded down 1.00% on Tuesday, hitting $57.60. The stock had a trading volume of 57,179 shares. The firm’s 50-day moving average is $60.74 and its 200-day moving average is $59.63. The company has a market cap of $991.93 million, a P/E ratio of 108.88 and a beta of 1.20. SPS Commerce has a 52-week low of $48.11 and a 52-week high of $74.85.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that SPS Commerce will post $0.88 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in SPS Commerce by 139,789.2% in the first quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock worth $117,414,000 after buying an additional 2,005,975 shares in the last quarter. Vanguard Group Inc. boosted its stake in SPS Commerce by 6.0% in the first quarter. Vanguard Group Inc. now owns 899,374 shares of the software maker’s stock worth $52,604,000 after buying an additional 51,243 shares in the last quarter. FMR LLC boosted its stake in SPS Commerce by 33.6% in the first quarter. FMR LLC now owns 850,300 shares of the software maker’s stock worth $49,734,000 after buying an additional 214,000 shares in the last quarter. Columbia Wanger Asset Management LLC boosted its stake in SPS Commerce by 10.8% in the first quarter. Columbia Wanger Asset Management LLC now owns 722,485 shares of the software maker’s stock worth $42,258,000 after buying an additional 70,356 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in SPS Commerce by 4.3% in the first quarter. Conestoga Capital Advisors LLC now owns 677,911 shares of the software maker’s stock worth $39,651,000 after buying an additional 28,223 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.
About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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