Key Points
- Executive Vice President Jamie Thingelstad sold 11,196 SPS Commerce shares at an average of $81.59, for about $913,482. The sale reduced his direct stake by 10.47%, leaving him with 95,777 shares.
- SPS Commerce beat quarterly EPS estimates, reporting $1.39 per share versus $1.23 expected; revenue was $197.65 million, up 4.1% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $79.33. Recent ratings range from Morgan Stanley’s $74 Underweight target to Citigroup’s $99 Buy target.
SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) EVP Jamie Thingelstad sold 11,196 shares of the business's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $81.59, for a total value of $913,481.64. Following the sale, the executive vice president directly owned 95,777 shares in the company, valued at approximately $7,814,445.43. The trade was a 10.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SPS Commerce Price Performance
SPSC opened at $80.92 on Wednesday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.89 and a beta of 0.66. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $96.54. The business has a 50 day moving average price of $83.46 and a two-hundred day moving average price of $68.13.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. SPS Commerce had a return on equity of 13.72% and a net margin of 10.65%. The firm had revenue of $197.65 million during the quarter, compared to analyst estimates of $197.51 million. During the same period last year, the company posted $1.13 EPS. The firm's quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts expect that SPS Commerce, Inc. will post 3.68 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating and set a $74.00 target price on shares of SPS Commerce in a research note on Monday, October 26th. Citigroup reaffirmed a "buy" rating and set a $99.00 target price (up from $82.00) on shares of SPS Commerce in a report on Tuesday, October 20th. Stifel Nicolaus boosted their price target on shares of SPS Commerce from $70.00 to $85.00 and gave the stock a "hold" rating in a research report on Wednesday, October 14th. Wall Street Zen raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a report on Sunday, October 25th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $70.00 price target (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of "Hold" and a consensus target price of $79.33.
Read Our Latest Analysis on SPS Commerce
Institutional Trading of SPS Commerce
A number of large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its position in SPS Commerce by 72.5% in the third quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker's stock worth $27,000 after buying an additional 140 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SPS Commerce during the 2nd quarter valued at $38,000. Allworth Financial LP acquired a new stake in shares of SPS Commerce during the 2nd quarter valued at $45,000. Parallel Advisors LLC lifted its position in shares of SPS Commerce by 100.0% during the 3rd quarter. Parallel Advisors LLC now owns 566 shares of the software maker's stock valued at $47,000 after acquiring an additional 283 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of SPS Commerce by 55.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker's stock worth $79,000 after acquiring an additional 503 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.
About SPS Commerce
(
Get Free Report)
SPS Commerce provides cloud-based supply chain management software and services, with a focus on helping retailers, suppliers, distributors and logistics providers exchange business information and coordinate transactions. Its platform connects trading partners and supports electronic data interchange (EDI), order processing and fulfillment workflows. The company also offers tools for supply chain analytics and product information management, along with implementation and ongoing support services.
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