SPS Commerce (NASDAQ:SPSC) Posts Earnings Results, Hits Expectations

SPS Commerce (NASDAQ:SPSC) posted its quarterly earnings data on Thursday. The software maker reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31, Bloomberg Earnings reports. The business had revenue of $75.57 million for the quarter, compared to analyst estimates of $74.39 million. SPS Commerce had a return on equity of 11.72% and a net margin of 13.23%.

SPSC stock traded up $1.85 during midday trading on Friday, hitting $75.17. 340,551 shares of the company’s stock were exchanged, compared to its average volume of 183,047. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.05. SPS Commerce has a 12-month low of $31.28 and a 12-month high of $77.59. The firm has a 50 day moving average price of $73.35 and a 200-day moving average price of $59.40. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 70.25, a price-to-earnings-growth ratio of 5.06 and a beta of 0.87.

In other SPS Commerce news, Director Sven Wehrwein sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $57.31, for a total transaction of $57,310.00. Following the sale, the director now directly owns 15,470 shares in the company, valued at approximately $886,585.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James J. Frome sold 63,261 shares of SPS Commerce stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $60.06, for a total value of $3,799,455.66. Following the sale, the chief operating officer now owns 43,233 shares in the company, valued at $2,596,573.98. The disclosure for this sale can be found here. Insiders have sold a total of 104,498 shares of company stock worth $6,569,540 over the last 90 days. 7.20% of the stock is owned by company insiders.

A number of analysts recently commented on SPSC shares. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Craig Hallum decreased their price target on SPS Commerce from $71.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. ValuEngine lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. BidaskClub lowered SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 15th. Finally, Northland Securities lifted their price objective on SPS Commerce from $68.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.11.

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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Earnings History for SPS Commerce (NASDAQ:SPSC)

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