SPS Commerce (NASDAQ:SPSC) had its price objective upped by equities research analysts at Northland Securities from $68.00 to $80.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the software maker’s stock. Northland Securities’ price objective suggests a potential upside of 6.43% from the company’s current price.

Several other equities analysts also recently commented on SPSC. Oppenheimer started coverage on shares of SPS Commerce in a research note on Friday. They issued a “hold” rating on the stock. Craig Hallum decreased their target price on shares of SPS Commerce from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. ValuEngine cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. BidaskClub downgraded SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Needham & Company LLC reissued a “buy” rating on shares of SPS Commerce in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.11.

Shares of NASDAQ SPSC opened at $75.17 on Friday. The firm has a market cap of $2.63 billion, a P/E ratio of 70.25, a price-to-earnings-growth ratio of 5.06 and a beta of 0.87. The business’s 50 day moving average is $73.35 and its 200-day moving average is $59.40. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.05. SPS Commerce has a 1-year low of $31.28 and a 1-year high of $77.59.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. SPS Commerce had a return on equity of 11.72% and a net margin of 13.23%. The firm had revenue of $75.57 million for the quarter, compared to analyst estimates of $74.39 million. Analysts forecast that SPS Commerce will post 0.99 EPS for the current year.

In other news, COO James J. Frome sold 63,261 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $60.06, for a total value of $3,799,455.66. Following the sale, the chief operating officer now directly owns 43,233 shares in the company, valued at approximately $2,596,573.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sven Wehrwein sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $57.31, for a total transaction of $57,310.00. Following the sale, the director now directly owns 15,470 shares in the company, valued at $886,585.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,498 shares of company stock worth $6,569,540. Company insiders own 7.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in shares of SPS Commerce by 31.1% during the second quarter. First Horizon Advisors Inc. now owns 806 shares of the software maker’s stock worth $60,000 after buying an additional 191 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of SPS Commerce by 0.8% during the 1st quarter. Janus Henderson Group PLC now owns 25,290 shares of the software maker’s stock valued at $1,176,000 after acquiring an additional 194 shares in the last quarter. Squarepoint Ops LLC grew its position in SPS Commerce by 1.9% during the 1st quarter. Squarepoint Ops LLC now owns 12,404 shares of the software maker’s stock worth $577,000 after acquiring an additional 229 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in SPS Commerce by 21.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,509 shares of the software maker’s stock worth $70,000 after purchasing an additional 265 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in SPS Commerce by 2.4% in the 4th quarter. Mason Street Advisors LLC now owns 12,135 shares of the software maker’s stock worth $673,000 after purchasing an additional 290 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

About SPS Commerce

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

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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