SPS Commerce (NASDAQ:SPSC – Get Free Report) released its earnings results on Thursday. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09, Briefing.com reports. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS.
SPS Commerce Trading Down 10.7 %
NASDAQ:SPSC traded down $20.49 during mid-day trading on Friday, reaching $170.49. The company’s stock had a trading volume of 636,500 shares, compared to its average volume of 179,940. The stock has a market cap of $6.31 billion, a P/E ratio of 93.16 and a beta of 0.82. The firm’s fifty day moving average price is $192.69 and its two-hundred day moving average price is $190.73. SPS Commerce has a 12-month low of $151.96 and a 12-month high of $218.74.
Insider Activity
In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on SPS Commerce
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.
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