SPS Commerce (NASDAQ:SPSC – Get Free Report) announced its quarterly earnings results on Thursday. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03, Briefing.com reports. SPS Commerce had a net margin of 12.31% and a return on equity of 12.61%. The firm had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 17.8% on a year-over-year basis.
SPS Commerce Trading Up 1.6 %
NASDAQ SPSC traded up $3.38 on Friday, hitting $209.00. 282,430 shares of the company were exchanged, compared to its average volume of 207,100. The company has a market cap of $7.74 billion, a PE ratio of 114.21 and a beta of 0.85. SPS Commerce has a 12 month low of $151.96 and a 12 month high of $218.74. The stock has a fifty day moving average of $192.15 and a 200-day moving average of $186.10.
Insider Buying and Selling at SPS Commerce
In other SPS Commerce news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Philip Soran sold 2,390 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the sale, the director now owns 18,852 shares in the company, valued at $3,879,553.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,242 shares of company stock valued at $2,422,377. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
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About SPS Commerce
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.
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