Analysts expect that SPS Commerce, Inc. (NASDAQ:SPSC) will announce $76.85 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $76.50 million to $77.10 million. SPS Commerce posted sales of $70.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 22nd.
According to Zacks, analysts expect that SPS Commerce will report full year sales of $304.99 million for the current fiscal year, with estimates ranging from $304.82 million to $305.30 million. For the next financial year, analysts forecast that the company will post sales of $332.93 million, with estimates ranging from $331.60 million to $335.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. SPS Commerce had a return on equity of 11.54% and a net margin of 13.23%. The company had revenue of $75.57 million during the quarter, compared to analysts’ expectations of $74.39 million.
Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating on shares of SPS Commerce in a research note on Friday, July 31st. Oppenheimer assumed coverage on SPS Commerce in a research note on Friday, July 31st. They set a “hold” rating for the company. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. BidaskClub cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Northland Securities upped their target price on SPS Commerce from $68.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $71.38.
Shares of SPSC stock opened at $80.22 on Friday. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.89 billion, a P/E ratio of 74.97, a price-to-earnings-growth ratio of 5.31 and a beta of 0.83. The stock has a 50 day simple moving average of $76.62 and a 200 day simple moving average of $62.92. SPS Commerce has a 1 year low of $31.28 and a 1 year high of $83.85.
In other news, Director Philip Soran sold 7,120 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $72.76, for a total transaction of $518,051.20. Following the completion of the transaction, the director now directly owns 23,030 shares in the company, valued at $1,675,662.80. 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 47,102 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.35, for a total transaction of $3,502,033.70. Following the transaction, the chief executive officer now owns 127,611 shares of the company’s stock, valued at $9,487,877.85. The disclosure for this sale can be found here. Insiders have sold 139,058 shares of company stock valued at $10,327,715 over the last quarter. Company insiders own 7.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bellevue Asset Management LLC acquired a new stake in SPS Commerce in the second quarter valued at $30,000. First Horizon Advisors Inc. increased its holdings in SPS Commerce by 31.1% in the second quarter. First Horizon Advisors Inc. now owns 806 shares of the software maker’s stock valued at $60,000 after purchasing an additional 191 shares during the period. Mutual of America Capital Management LLC increased its holdings in SPS Commerce by 21.3% in the first quarter. Mutual of America Capital Management LLC now owns 1,509 shares of the software maker’s stock valued at $70,000 after purchasing an additional 265 shares during the period. Aigen Investment Management LP increased its holdings in SPS Commerce by 26.2% in the first quarter. Aigen Investment Management LP now owns 3,574 shares of the software maker’s stock valued at $166,000 after purchasing an additional 741 shares during the period. Finally, IndexIQ Advisors LLC acquired a new stake in SPS Commerce in the first quarter valued at $189,000. Institutional investors and hedge funds own 98.67% of the company’s stock.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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