SPS Commerce (NASDAQ:SPSC) Posts Earnings Results, Beats Estimates By $0.03 EPS

SPS Commerce (NASDAQ:SPSC) released its earnings results on Thursday. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03, Briefing.com reports. SPS Commerce had a net margin of 12.31% and a return on equity of 12.61%. The company had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year.

SPS Commerce Stock Performance

NASDAQ SPSC traded up $3.38 during trading hours on Friday, reaching $209.00. The stock had a trading volume of 282,430 shares, compared to its average volume of 207,100. SPS Commerce has a 52-week low of $151.96 and a 52-week high of $218.74. The stock has a fifty day moving average of $192.15 and a 200 day moving average of $186.10. The stock has a market cap of $7.74 billion, a P/E ratio of 114.21 and a beta of 0.85.

Insider Transactions at SPS Commerce

In other news, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares in the company, valued at $2,855,759.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Burr Ramsey sold 6,567 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $2,422,377 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup raised their price target on SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a report on Friday, May 10th. Redburn Atlantic assumed coverage on SPS Commerce in a research report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price objective on the stock. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Stifel Nicolaus boosted their price target on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and an average price target of $216.25.

About SPS Commerce

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.