SPS Commerce (NASDAQ:SPSC) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

SPS Commerce (NASDAQ:SPSC) posted its quarterly earnings results on Thursday. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09, Briefing.com reports. The company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share.

SPS Commerce Trading Down 10.7 %

Shares of SPS Commerce stock traded down $20.49 on Friday, reaching $170.49. The stock had a trading volume of 636,500 shares, compared to its average volume of 179,940. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74. The company has a market cap of $6.31 billion, a P/E ratio of 93.16 and a beta of 0.82. The business’s 50 day moving average is $192.69 and its two-hundred day moving average is $190.73.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Craig Hallum increased their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Robert W. Baird increased their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $223.38.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the sale, the director now directly owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% 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.