SPS Commerce (NASDAQ:SPSC – Get Free Report) 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
Check Out Our Latest Analysis on SPS Commerce
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.
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