SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

SPS Commerce, Inc. (NASDAQ:SPSC) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $219.22.

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Piper Sandler initiated coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Citigroup reduced their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Wednesday, January 15th.

SPS Commerce Stock Down 1.0 %

Shares of NASDAQ SPSC opened at $178.31 on Friday. SPS Commerce has a 52-week low of $160.58 and a 52-week high of $218.74. The business’s 50 day moving average is $188.96 and its two-hundred day moving average is $190.56. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 85.32 and a beta of 0.88.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now directly owns 147,002 shares in the company, valued at $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares of the company’s stock, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock valued at $6,379,187 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in SPS Commerce by 157.2% in the fourth quarter. HighTower Advisors LLC now owns 21,161 shares of the software maker’s stock valued at $3,893,000 after acquiring an additional 12,933 shares in the last quarter. Moran Wealth Management LLC boosted its position in shares of SPS Commerce by 7.0% in the 4th quarter. Moran Wealth Management LLC now owns 2,998 shares of the software maker’s stock valued at $552,000 after purchasing an additional 195 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of SPS Commerce by 11.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,653 shares of the software maker’s stock valued at $1,776,000 after purchasing an additional 1,022 shares during the period. Amundi increased its position in SPS Commerce by 199.1% during the fourth quarter. Amundi now owns 19,534 shares of the software maker’s stock worth $3,581,000 after buying an additional 13,003 shares during the period. Finally, Vestmark Advisory Solutions Inc. lifted its stake in SPS Commerce by 6.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock valued at $231,000 after buying an additional 71 shares during the last quarter. 98.96% of the stock is currently 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.