Wall Street analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to report $61.61 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SPS Commerce’s earnings. The highest sales estimate is $61.80 million and the lowest is $61.48 million. SPS Commerce reported sales of $56.15 million in the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The firm is scheduled to report its next earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that SPS Commerce will report full-year sales of $244.96 million for the current fiscal year, with estimates ranging from $244.40 million to $245.30 million. For the next financial year, analysts anticipate that the business will report sales of $268.20 million, with estimates ranging from $265.00 million to $272.07 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 26th. The software maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The business had revenue of $61.09 million for the quarter, compared to analyst estimates of $59.78 million. SPS Commerce had a return on equity of 4.25% and a net margin of 0.61%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS.

A number of equities analysts have recently issued reports on SPSC shares. BidaskClub upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. ValuEngine upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Monday, September 17th. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. First Analysis set a $86.00 price objective on SPS Commerce and gave the stock a “neutral” rating in a report on Thursday, October 4th. Finally, Stifel Nicolaus upped their price objective on SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.25.

NASDAQ SPSC traded down $2.01 during trading on Wednesday, reaching $83.94. The company’s stock had a trading volume of 118,556 shares, compared to its average volume of 154,320. The firm has a market capitalization of $1.50 billion, a P/E ratio of 124.57, a P/E/G ratio of 3.75 and a beta of 0.75. SPS Commerce has a one year low of $45.02 and a one year high of $100.68.

In related news, CFO Kimberly K. Nelson sold 18,215 shares of the stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $85.21, for a total transaction of $1,552,100.15. Following the completion of the sale, the chief financial officer now directly owns 70,957 shares in the company, valued at approximately $6,046,245.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin J. Leestma sold 5,316 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $99.35, for a total value of $528,144.60. Following the sale, the director now owns 20,935 shares of the company’s stock, valued at $2,079,892.25. The disclosure for this sale can be found here. Insiders sold a total of 46,811 shares of company stock valued at $4,128,745 over the last quarter. Company insiders own 2.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in SPS Commerce during the 3rd quarter valued at about $119,000. NumerixS Investment Technologies Inc purchased a new stake in SPS Commerce during the 2nd quarter valued at about $156,000. Macquarie Group Ltd. boosted its holdings in SPS Commerce by 223.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after acquiring an additional 1,772 shares during the period. Amalgamated Bank purchased a new stake in SPS Commerce during the 2nd quarter valued at about $202,000. Finally, LPL Financial LLC purchased a new stake in SPS Commerce during the 1st quarter valued at about $217,000. Institutional investors own 95.00% of the company’s stock.

SPS Commerce Company Profile

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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