According to Zacks, “SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The Company delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. The Company’s delivery model also enables it to offer greater functionality, integration and reliability with less cost and risk than traditional solutions. The Company provides its solutions through SPSCommerce.net, a hosted software. SPSCommerce.net uses pre-built integrations to eliminate the need for on-premise software and support staff, which enables its supplier customers to shorten supply cycle times, optimize inventory levels, reduce costs and satisfy retailer requirements. SPS Commerce is headquartered in Minneapolis. “
Several other equities analysts also recently commented on the stock. Needham & Company LLC increased their target price on shares of SPS Commerce from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Benchmark increased their target price on shares of SPS Commerce from $98.00 to $115.00 in a research report on Friday, December 18th. Finally, Craig Hallum increased their target price on shares of SPS Commerce from $100.00 to $116.00 in a research report on Monday, December 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. SPS Commerce has a consensus rating of “Buy” and an average price target of $112.60.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, February 10th. The software maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The firm had revenue of $83.31 million for the quarter, compared to the consensus estimate of $80.67 million. SPS Commerce had a net margin of 13.67% and a return on equity of 11.32%. Analysts anticipate that SPS Commerce will post 1.1 EPS for the current fiscal year.
In other news, CEO Archie C. Black sold 18,339 shares of the firm’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $109.21, for a total value of $2,002,802.19. Following the sale, the chief executive officer now directly owns 127,201 shares of the company’s stock, valued at $13,891,621.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Archie C. Black sold 18,829 shares of the firm’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $102.79, for a total value of $1,935,432.91. Following the completion of the sale, the chief executive officer now directly owns 124,399 shares in the company, valued at $12,786,973.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,254 shares of company stock worth $7,962,814. 7.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPSC. JPMorgan Chase & Co. lifted its stake in shares of SPS Commerce by 45.8% in the third quarter. JPMorgan Chase & Co. now owns 45,675 shares of the software maker’s stock valued at $3,557,000 after buying an additional 14,358 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of SPS Commerce by 38.0% in the third quarter. Point72 Hong Kong Ltd now owns 762 shares of the software maker’s stock valued at $59,000 after buying an additional 210 shares during the period. Townsquare Capital LLC bought a new stake in shares of SPS Commerce in the third quarter valued at about $1,179,000. Crossmark Global Holdings Inc. lifted its stake in shares of SPS Commerce by 26.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,980 shares of the software maker’s stock valued at $867,000 after buying an additional 1,660 shares during the period. Finally, JustInvest LLC bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $239,000. Institutional investors and hedge funds own 97.74% of the company’s stock.
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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