SPS Commerce (NASDAQ:SPSC) Releases Earnings Results, Beats Expectations By $0.09 EPS

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

SPS Commerce Price Performance

SPSC traded down $20.49 during trading hours on Friday, hitting $170.49. 636,500 shares of the stock were exchanged, compared to its average volume of 179,940. The stock has a 50-day simple moving average of $192.69 and a 200-day simple moving average of $190.73. SPS Commerce has a 12 month low of $151.96 and a 12 month high of $218.74. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 93.16 and a beta of 0.82.

Insider Buying and Selling

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was 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 in the company, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPSC has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday. Stifel Nicolaus increased their price objective on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Northland Capmk downgraded shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.38.

About SPS Commerce

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.