SPS Commerce’s (SPSC) Market Perform Rating Reiterated at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of SPS Commerce (NASDAQ:SPSC) in a research note published on Tuesday morning,Benzinga reports. Northland Securities currently has a $181.00 price target on the software maker’s stock, down from their previous price target of $209.00.

Several other analysts also recently issued reports on the stock. Robert W. Baird lifted their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Citigroup reduced their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Wednesday, January 15th. Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Stock Down 2.9 %

Shares of SPSC stock opened at $148.50 on Tuesday. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 71.05 and a beta of 0.88. SPS Commerce has a 52 week low of $147.27 and a 52 week high of $218.61. The firm has a 50 day moving average of $186.73 and a 200-day moving average of $189.28.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. Analysts anticipate that SPS Commerce will post 2.38 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the transaction, the chief financial officer now directly owns 156,292 shares in the company, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,230 shares of company stock worth $6,379,187. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake in shares of SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after purchasing an additional 44,946 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce during the 3rd quarter worth $3,178,000. Synovus Financial Corp bought a new stake in shares of SPS Commerce during the 3rd quarter worth $1,809,000. JPMorgan Chase & Co. raised its stake in shares of SPS Commerce by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares during the period. Finally, State Street Corp raised its stake in shares of SPS Commerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares during the period. 98.96% of the stock is currently owned by institutional investors.

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.