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

SPS Commerce (NASDAQ:SPSC) posted its quarterly earnings data on Thursday. The software maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03, Briefing.com reports. The firm had revenue of $153.60 million for 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 business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share.

SPS Commerce Stock Up 1.6 %

Shares of SPS Commerce stock traded up $3.38 during mid-day trading on Friday, reaching $209.00. 282,430 shares of the stock traded hands, compared to its average volume of 207,100. The business has a 50-day moving average of $192.15 and a 200 day moving average of $186.10. SPS Commerce has a fifty-two week low of $151.96 and a fifty-two week high of $218.74. The stock has a market capitalization of $7.74 billion, a PE ratio of 114.21 and a beta of 0.85.

Analysts Set New Price Targets

SPSC has been the topic of several recent analyst reports. Craig Hallum lifted their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Redburn Atlantic started coverage on SPS Commerce in a report on Tuesday, May 14th. They set a “buy” rating and a $220.00 price objective for the company. DA Davidson boosted their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC lifted their target price on SPS Commerce from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Finally, William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.25.

Insider Buying and Selling at SPS Commerce

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 value of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip Soran sold 3,285 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. 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 quarter. 1.00% of the stock is currently owned by insiders.

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.