SPS Commerce (NASDAQ:SPSC) Given New $200.00 Price Target at Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its price target trimmed by Stifel Nicolaus from $225.00 to $200.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

SPSC has been the subject of several other reports. Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Needham & Company LLC decreased their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday. Citigroup cut their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Stock Down 13.8 %

SPSC stock opened at $152.72 on Tuesday. SPS Commerce has a 52 week low of $148.00 and a 52 week high of $218.61. The firm has a 50-day simple moving average of $187.58 and a 200-day simple moving average of $189.54. The stock has a market capitalization of $5.74 billion, a P/E ratio of 73.07 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (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%. On average, analysts expect that SPS Commerce will post 2.38 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently modified their holdings of SPSC. Sanctuary Advisors LLC acquired a new position in SPS Commerce during the 2nd quarter worth about $517,000. Inspire Investing LLC lifted its position in shares of SPS Commerce by 13.8% during the third quarter. Inspire Investing LLC now owns 2,131 shares of the software maker’s stock worth $414,000 after purchasing an additional 258 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of SPS Commerce by 63.1% in the third quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock valued at $128,000 after purchasing an additional 255 shares during the period. Creative Planning grew its holdings in shares of SPS Commerce by 13.6% in the third quarter. Creative Planning now owns 10,069 shares of the software maker’s stock valued at $1,955,000 after purchasing an additional 1,204 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in SPS Commerce during the 3rd quarter worth approximately $319,000. 98.96% of the stock is 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.