Brokers Offer Predictions for SPS Commerce, Inc.’s Q3 2024 Earnings (NASDAQ:SPSC)

SPS Commerce, Inc. (NASDAQ:SPSC) – DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for SPS Commerce in a report released on Friday, July 26th. DA Davidson analyst G. Luria anticipates that the software maker will earn $0.65 per share for the quarter. DA Davidson currently has a “Buy” rating and a $240.00 price objective on the stock. The consensus estimate for SPS Commerce’s current full-year earnings is $2.23 per share. DA Davidson also issued estimates for SPS Commerce’s FY2025 earnings at $2.87 EPS.

Other research analysts have also recently issued reports about the company. Craig Hallum increased their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a research report on Monday. Stifel Nicolaus raised their price objective on SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC raised their price objective on SPS Commerce from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price objective on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.25.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $207.72 on Monday. The stock has a 50 day moving average price of $192.28 and a 200 day moving average price of $186.39. SPS Commerce has a 52 week low of $151.96 and a 52 week high of $218.74. The stock has a market capitalization of $7.71 billion, a PE ratio of 113.51 and a beta of 0.85.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. SPS Commerce’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share.

Insiders Place Their Bets

In other SPS Commerce news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the transaction, the director now owns 14,728 shares in the company, valued at approximately $2,855,759.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The disclosure for this sale can be found here. Insiders have sold a total of 12,242 shares of company stock worth $2,422,377 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in SPS Commerce during the 4th quarter worth $26,000. Mather Group LLC. lifted its holdings in SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new position in SPS Commerce during the 2nd quarter worth about $30,000. UMB Bank n.a. lifted its holdings in SPS Commerce by 224.7% during the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after buying an additional 164 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in SPS Commerce during the 1st quarter worth about $60,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.