SPS Commerce (NASDAQ:SPSC) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Sunday, December 31st.
A number of other research firms also recently issued reports on SPSC. Benchmark reaffirmed a “sell” rating on shares of SPS Commerce in a report on Monday, October 30th. Canaccord Genuity lowered their target price on SPS Commerce from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. BidaskClub upgraded SPS Commerce from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Stifel Nicolaus lowered their target price on SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. SPS Commerce has an average rating of “Hold” and a consensus target price of $68.00.
Shares of SPS Commerce (SPSC) opened at $50.75 on Friday. The company has a market cap of $866.56, a P/E ratio of 103.57, a PEG ratio of 2.84 and a beta of 1.07. SPS Commerce has a 52-week low of $45.02 and a 52-week high of $72.35.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $56.15 million during the quarter, compared to the consensus estimate of $56.15 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. SPS Commerce’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. equities research analysts predict that SPS Commerce will post 0.59 earnings per share for the current year.
SPS Commerce announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. boosted its stake in SPS Commerce by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock worth $145,000 after buying an additional 24 shares in the last quarter. Bank of Montreal Can boosted its stake in SPS Commerce by 1.1% in the second quarter. Bank of Montreal Can now owns 3,668 shares of the software maker’s stock worth $233,000 after buying an additional 41 shares in the last quarter. Zacks Investment Management boosted its stake in SPS Commerce by 0.4% in the second quarter. Zacks Investment Management now owns 20,204 shares of the software maker’s stock worth $1,288,000 after buying an additional 75 shares in the last quarter. Rhumbline Advisers boosted its stake in SPS Commerce by 0.5% in the second quarter. Rhumbline Advisers now owns 33,387 shares of the software maker’s stock worth $2,129,000 after buying an additional 176 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in SPS Commerce by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 18,243 shares of the software maker’s stock worth $1,163,000 after buying an additional 265 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.
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SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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