Wall Street analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to post $63.93 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for SPS Commerce’s earnings. The lowest sales estimate is $63.71 million and the highest is $64.20 million. SPS Commerce reported sales of $58.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The company is expected to issue its next quarterly earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that SPS Commerce will report full-year sales of $246.98 million for the current financial year, with estimates ranging from $246.76 million to $247.30 million. For the next financial year, analysts anticipate that the business will report sales of $270.71 million, with estimates ranging from $266.00 million to $273.93 million. Zacks’ sales averages are an average based on a survey of analysts that follow SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $62.87 million during the quarter, compared to analysts’ expectations of $61.61 million. SPS Commerce had a net margin of 3.16% and a return on equity of 5.55%.
SPSC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. ValuEngine upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Monday, September 17th. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. TheStreet upgraded shares of SPS Commerce from a “c+” rating to a “b-” rating in a report on Friday, October 26th. Finally, First Analysis set a $86.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $90.56.
In other news, Director Martin J. Leestma sold 8,316 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $95.74, for a total transaction of $796,173.84. Following the completion of the transaction, the director now owns 12,619 shares of the company’s stock, valued at $1,208,143.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Archie C. Black sold 1,997 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $95.08, for a total transaction of $189,874.76. Following the transaction, the chief executive officer now directly owns 92,321 shares of the company’s stock, valued at approximately $8,777,880.68. The disclosure for this sale can be found here. Insiders have sold 47,561 shares of company stock valued at $4,581,581 in the last ninety days. 2.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SPSC. Great Lakes Advisors LLC raised its position in SPS Commerce by 3.0% in the third quarter. Great Lakes Advisors LLC now owns 50,914 shares of the software maker’s stock worth $5,053,000 after purchasing an additional 1,476 shares in the last quarter. Vanguard Group Inc. raised its position in SPS Commerce by 6.7% in the third quarter. Vanguard Group Inc. now owns 1,104,668 shares of the software maker’s stock worth $109,627,000 after purchasing an additional 69,574 shares in the last quarter. Legal & General Group Plc raised its position in SPS Commerce by 8.9% in the third quarter. Legal & General Group Plc now owns 37,335 shares of the software maker’s stock worth $3,695,000 after purchasing an additional 3,057 shares in the last quarter. Teachers Advisors LLC raised its position in SPS Commerce by 27.6% in the third quarter. Teachers Advisors LLC now owns 246,366 shares of the software maker’s stock worth $24,449,000 after purchasing an additional 53,276 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in SPS Commerce by 62.4% in the third quarter. AQR Capital Management LLC now owns 118,059 shares of the software maker’s stock worth $11,716,000 after purchasing an additional 45,345 shares in the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.
NASDAQ:SPSC traded down $0.29 during trading hours on Tuesday, reaching $82.71. The company’s stock had a trading volume of 179,592 shares, compared to its average volume of 210,054. The stock has a market capitalization of $1.46 billion, a PE ratio of 196.93, a P/E/G ratio of 3.19 and a beta of 0.78. SPS Commerce has a one year low of $47.52 and a one year high of $100.68.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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