SPS Commerce (NASDAQ:SPSC) PT Raised to $230.00 at Craig Hallum

SPS Commerce (NASDAQ:SPSC) had its price target upped by Craig Hallum from $210.00 to $230.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

SPSC has been the subject of a number of other research reports. Robert W. Baird boosted their target price on SPS Commerce from $178.00 to $186.00 and gave the stock a neutral rating in a research report on Friday. Needham & Company LLC upped their price objective on SPS Commerce from $205.00 to $230.00 and gave the company a buy rating in a report on Friday. Redburn Atlantic assumed coverage on SPS Commerce in a report on Tuesday, May 14th. They issued a buy rating and a $220.00 price objective for the company. Stifel Nicolaus upped their price objective on SPS Commerce from $200.00 to $225.00 and gave the company a buy rating in a report on Friday. Finally, Citigroup upped their price objective on SPS Commerce from $213.00 to $222.00 and gave the company a buy rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $216.25.

SPS Commerce Stock Up 1.6 %

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

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.61% and a net margin of 12.31%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts anticipate that SPS Commerce will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip Soran sold 2,390 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock valued at $2,422,377 over the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Shaker Investments LLC OH boosted its position in SPS Commerce by 1.7% during the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in SPS Commerce by 10.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after buying an additional 56 shares during the period. Arkadios Wealth Advisors raised its stake in SPS Commerce by 1.7% in the fourth quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after buying an additional 64 shares during the period. Wealth Alliance raised its stake in SPS Commerce by 4.4% in the fourth quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock valued at $324,000 after buying an additional 71 shares during the period. Finally, Yousif Capital Management LLC raised its stake in SPS Commerce by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 18,479 shares of the software maker’s stock valued at $3,582,000 after buying an additional 81 shares during the period. 98.96% of the stock is 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.