$91.25 Million in Sales Expected for SPS Commerce, Inc. (NASDAQ:SPSC) This Quarter

Wall Street analysts forecast that SPS Commerce, Inc. (NASDAQ:SPSC) will post sales of $91.25 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for SPS Commerce’s earnings. The lowest sales estimate is $91.00 million and the highest is $91.50 million. SPS Commerce posted sales of $75.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.7%. The company is scheduled to report its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that SPS Commerce will report full-year sales of $371.90 million for the current financial year, with estimates ranging from $367.69 million to $373.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $412.21 million, with estimates ranging from $410.30 million to $417.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Wednesday, February 10th. The software maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $83.31 million during the quarter, compared to the consensus estimate of $80.67 million. SPS Commerce had a net margin of 13.67% and a return on equity of 11.32%.

A number of research analysts have issued reports on SPSC shares. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, May 8th. Needham & Company LLC raised their price target on shares of SPS Commerce from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, Northland Securities raised shares of SPS Commerce from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $113.00 to $123.00 in a report on Thursday, May 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $118.60.

In related news, CEO Archie C. Black sold 18,339 shares of the firm’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $109.21, for a total transaction of $2,002,802.19. Following the completion of the transaction, the chief executive officer now owns 127,201 shares of the company’s stock, valued at $13,891,621.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $107.13, for a total transaction of $642,780.00. Following the transaction, the chief financial officer now directly owns 120,626 shares of the company’s stock, valued at approximately $12,922,663.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,097 shares of company stock valued at $4,041,132. 7.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its holdings in SPS Commerce by 54,256.3% in the first quarter. Meeder Asset Management Inc. now owns 8,697 shares of the software maker’s stock valued at $864,000 after buying an additional 8,681 shares in the last quarter. Bouvel Investment Partners LLC purchased a new position in SPS Commerce in the fourth quarter valued at $2,259,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in SPS Commerce in the fourth quarter valued at $2,063,000. Fenimore Asset Management Inc. increased its holdings in SPS Commerce by 0.4% in the first quarter. Fenimore Asset Management Inc. now owns 103,158 shares of the software maker’s stock valued at $10,245,000 after buying an additional 395 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in SPS Commerce by 13.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,162 shares of the software maker’s stock valued at $612,000 after buying an additional 709 shares in the last quarter. 97.74% of the stock is owned by institutional investors.

Shares of NASDAQ SPSC traded up $3.23 during midday trading on Wednesday, reaching $96.11. The company had a trading volume of 104,942 shares, compared to its average volume of 187,099. The business’s 50-day simple moving average is $100.91 and its 200 day simple moving average is $102.23. The stock has a market cap of $3.45 billion, a P/E ratio of 85.05, a P/E/G ratio of 5.99 and a beta of 0.89. SPS Commerce has a 1 year low of $55.80 and a 1 year high of $118.06.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, 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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