SPS Commerce (NASDAQ:SPSC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

SPSC has been the topic of several other research reports. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Benchmark raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Canaccord Genuity lifted their target price on shares of SPS Commerce from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. First Analysis set a $86.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, October 4th. Finally, Stifel Nicolaus lifted their target price on shares of SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. SPS Commerce has an average rating of “Buy” and a consensus price target of $86.25.

Shares of SPSC opened at $85.04 on Friday. The company has a market capitalization of $1.73 billion, a PE ratio of 202.48, a price-to-earnings-growth ratio of 4.33 and a beta of 0.75. SPS Commerce has a 12-month low of $45.02 and a 12-month high of $100.68.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.16. The company had revenue of $61.09 million for the quarter, compared to analysts’ expectations of $59.78 million. SPS Commerce had a net margin of 0.61% and a return on equity of 4.25%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. Research analysts expect that SPS Commerce will post 1.15 earnings per share for the current fiscal year.

In other news, Director Martin J. Leestma sold 5,316 shares of SPS Commerce stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $99.35, for a total value of $528,144.60. Following the transaction, the director now directly owns 20,935 shares of the company’s stock, valued at $2,079,892.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO James J. Frome sold 3,280 shares of SPS Commerce stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $90.00, for a total transaction of $295,200.00. Following the completion of the transaction, the chief operating officer now directly owns 31,892 shares in the company, valued at $2,870,280. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,811 shares of company stock worth $4,128,745. 3.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in SPSC. SG Americas Securities LLC purchased a new position in SPS Commerce during the first quarter valued at approximately $132,000. NumerixS Investment Technologies Inc purchased a new position in SPS Commerce during the second quarter valued at approximately $156,000. Macquarie Group Ltd. grew its position in SPS Commerce by 223.7% during the second quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after purchasing an additional 1,772 shares in the last quarter. Amalgamated Bank purchased a new position in SPS Commerce during the second quarter valued at approximately $202,000. Finally, LPL Financial LLC purchased a new position in SPS Commerce during the first quarter valued at approximately $217,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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