SPS Commerce, Inc. (NASDAQ:SPSC) – Equities research analysts at Oppenheimer boosted their Q1 2018 EPS estimates for shares of SPS Commerce in a research report issued to clients and investors on Wednesday. Oppenheimer analyst K. Ikeda now expects that the software maker will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.13. Oppenheimer has a “Buy” rating and a $62.00 price target on the stock. Oppenheimer also issued estimates for SPS Commerce’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.86 EPS.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The business had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $57.47 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, November 1st. Benchmark reaffirmed a “sell” rating on shares of SPS Commerce in a research note on Monday, October 30th. Stifel Nicolaus decreased their price objective on SPS Commerce from $75.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, October 27th. ValuEngine cut SPS Commerce from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, BidaskClub raised SPS Commerce from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. SPS Commerce has an average rating of “Hold” and an average target price of $66.43.
Shares of SPS Commerce (NASDAQ:SPSC) opened at $54.68 on Monday. SPS Commerce has a 52 week low of $45.02 and a 52 week high of $64.85. The company has a market capitalization of $917.66, a price-to-earnings ratio of -390.57, a P/E/G ratio of 2.87 and a beta of 1.10.
Large investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new position in SPS Commerce in the third quarter valued at about $117,000. SG Americas Securities LLC acquired a new position in SPS Commerce in the third quarter valued at about $125,000. Magnetar Financial LLC acquired a new position in SPS Commerce in the third quarter valued at about $203,000. Piedmont Investment Advisors LLC acquired a new position in SPS Commerce in the second quarter valued at about $237,000. Finally, Trexquant Investment LP acquired a new position in SPS Commerce in the third quarter valued at about $245,000. 97.44% of the stock is owned by hedge funds and other institutional investors.
SPS Commerce declared that its board has initiated a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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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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