SPS Commerce (SPSC) Hits New 12-Month High and Low at $73.52

Shares of SPS Commerce (NASDAQ:SPSC) reached a new 52-week high and low on Friday . The company traded as low as $73.52 and last traded at $73.16, with a volume of 803 shares traded. The stock had previously closed at $72.57.

Several analysts recently commented on the stock. BidaskClub raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Canaccord Genuity cut their price objective on shares of SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Oppenheimer reissued a “buy” rating and set a $62.00 price objective on shares of SPS Commerce in a research report on Thursday, January 25th. Finally, ValuEngine raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. SPS Commerce has a consensus rating of “Buy” and a consensus price target of $70.57.

The stock has a market cap of $1.25 billion, a P/E ratio of 174.50, a PEG ratio of 3.12 and a beta of 0.76.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $59.09 million for the quarter, compared to the consensus estimate of $57.81 million. SPS Commerce had a negative net margin of 0.95% and a positive return on equity of 3.01%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. sell-side analysts expect that SPS Commerce will post 0.92 EPS for the current fiscal year.

In other news, CFO Kimberly K. Nelson sold 16,700 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.06, for a total transaction of $1,186,702.00. Following the sale, the chief financial officer now owns 62,742 shares of the company’s stock, valued at approximately $4,458,446.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Smerklo sold 682 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.77, for a total transaction of $48,947.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,350 shares of company stock worth $1,635,505. Insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SPSC. Legion Partners Asset Management LLC purchased a new stake in shares of SPS Commerce during the 1st quarter valued at about $20,911,000. Tensile Capital Management LLC purchased a new stake in shares of SPS Commerce during the 4th quarter valued at about $13,875,000. Citadel Advisors LLC boosted its holdings in shares of SPS Commerce by 440.2% during the 4th quarter. Citadel Advisors LLC now owns 257,541 shares of the software maker’s stock valued at $12,514,000 after acquiring an additional 209,865 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of SPS Commerce during the 1st quarter valued at about $12,795,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of SPS Commerce by 56.4% during the 4th quarter. Wells Fargo & Company MN now owns 484,882 shares of the software maker’s stock valued at $23,561,000 after acquiring an additional 174,924 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply