SPS Commerce (NASDAQ:SPSC) Shares Pass Above Fifty Day Moving Average of $104.18

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $104.18 and traded as high as $104.74. SPS Commerce shares last traded at $102.82, with a volume of 2,797 shares traded.

SPSC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Oppenheimer boosted their price objective on shares of SPS Commerce from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of SPS Commerce in a research report on Friday, April 26th. First Analysis raised shares of SPS Commerce from a “neutral” rating to an “outperform” rating in a research report on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of SPS Commerce in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. SPS Commerce presently has an average rating of “Buy” and an average target price of $110.58.

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 84.32, a price-to-earnings-growth ratio of 4.32 and a beta of 0.67. The business has a fifty day simple moving average of $104.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.82 and a quick ratio of 4.82.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 25th. The software maker reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.30. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The business had revenue of $66.93 million for the quarter, compared to the consensus estimate of $66.16 million. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts expect that SPS Commerce, Inc. will post 1.6 EPS for the current fiscal year.

In other SPS Commerce news, CEO Archie C. Black sold 8,645 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $104.23, for a total value of $901,068.35. Following the transaction, the chief executive officer now directly owns 86,989 shares in the company, valued at $9,066,863.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,644 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $105.00, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 9,235 shares in the company, valued at $969,675. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,949 shares of company stock worth $4,100,372. Corporate insiders own 3.34% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of SPS Commerce in the fourth quarter valued at about $55,000. Meeder Asset Management Inc. grew its stake in shares of SPS Commerce by 378.9% in the first quarter. Meeder Asset Management Inc. now owns 704 shares of the software maker’s stock valued at $75,000 after acquiring an additional 557 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of SPS Commerce in the first quarter valued at about $78,000. Penserra Capital Management LLC acquired a new position in shares of SPS Commerce in the first quarter valued at about $90,000. Finally, Quantamental Technologies LLC grew its stake in shares of SPS Commerce by 348.3% in the first quarter. Quantamental Technologies LLC now owns 1,793 shares of the software maker’s stock valued at $190,000 after acquiring an additional 1,393 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About SPS Commerce (NASDAQ:SPSC)

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

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