SPS Commerce (NASDAQ:SPSC) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

SPS Commerce (NASDAQ:SPSC) posted its earnings results on Thursday. The software maker reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09, Briefing.com reports. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The business had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up 20.7% compared to the same quarter last year.

SPS Commerce Stock Down 10.7 %

SPSC stock traded down $20.49 during midday trading on Friday, reaching $170.49. 636,500 shares of the company’s stock traded hands, compared to its average volume of 179,940. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 93.16 and a beta of 0.82. The firm’s fifty day moving average price is $192.69 and its 200-day moving average price is $190.73. SPS Commerce has a 52 week low of $151.96 and a 52 week high of $218.74.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird boosted their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Craig Hallum boosted their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, DA Davidson lifted their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.38.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Company Profile

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.