2 weeks Ago By Defense World Staff
Shares of SPS Commerce, Inc. ( NASDAQ:SPSC – Get Free Report ) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company.
The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $220.25. Several brokerages have recently weighed in on SPSC.
Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, August 2nd. Craig Hallum upped their target price on shares of SPS Commerce from $210.
00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th.
DA Davidson raised their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th.
Finally, Stifel Nicolaus lifted their target price on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.
Check Out Our Latest Stock Analysis on SPS Commerce Insiders Place Their Bets Hedge Funds Weigh In On SPS Commerce Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in SPS Commerce by 79.0% in the second quarter.
SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock worth $1,562,000 after buying an additional 3,662 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of SPS Commerce by 11.3% during the first quarter.
CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker’s stock valued at $6,062,000 after buying an additional 3,340 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.
grew its holdings in shares of SPS Commerce by 60.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.
A. now owns 68,135 shares of the software maker’s stock valued at $12,598,000 after buying an additional 25,636 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of SPS Commerce by 23.
0% during the fourth quarter. Wellington Management Group LLP now owns 341,875 shares of the software maker’s stock valued at $66,269,000 after buying an additional 63,962 shares during the last quarter. Finally, Mirae Asset Global Investments Co.
Ltd. grew its holdings in shares of SPS Commerce by 36.5% during the first quarter.
Mirae Asset Global Investments Co. Ltd. now owns 204,042 shares of the software maker’s stock valued at $37,727,000 after buying an additional 54,600 shares during the last quarter.
98.96% of the stock is owned by institutional investors. SPS Commerce Stock Up 0.
5 % Shares of SPS Commerce stock opened at $192.25 on Friday. The stock has a market capitalization of $7.
13 billion, a P/E ratio of 105.05 and a beta of 0.82.
SPS Commerce has a 12-month low of $151.96 and a 12-month high of $218.74.
The company has a 50-day simple moving average of $196.44 and a 200 day simple moving average of $188.99.
SPS Commerce ( NASDAQ:SPSC – Get Free Report ) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
77 by $0.03. SPS Commerce had a return on equity of 12.
41% and a net margin of 12.31%. The firm had revenue of $153.
60 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter last year, the business earned $0.
42 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year.
On average, equities analysts anticipate that SPS Commerce will post 2.32 earnings per share for the current year. About SPS Commerce ( Get Free Report 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. See Also Five stocks we like better than SPS Commerce 3 Small Caps With Big Return Potential CarMax’s Impressive Rally: What Investors Should Watch Next Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? MarketBeat Week in Review – 9/23 – 9/27 Technology Stocks Explained: Here’s What to Know About Tech Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter .
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