News stories about SPS Commerce (NASDAQ:SPSC) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SPS Commerce earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 47.1602844986927 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of SPS Commerce in a research report on Tuesday, August 8th. BidaskClub cut SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of SPS Commerce in a report on Friday, August 25th. Finally, Canaccord Genuity lowered their price target on SPS Commerce from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. SPS Commerce has an average rating of “Hold” and an average target price of $69.78.
SPS Commerce (NASDAQ:SPSC) traded up $1.15 during trading hours on Monday, reaching $46.63. The company’s stock had a trading volume of 194,900 shares, compared to its average volume of 137,623. The company has a market cap of $803.17, a P/E ratio of 70.65, a price-to-earnings-growth ratio of 3.15 and a beta of 1.07. SPS Commerce has a 1-year low of $45.02 and a 1-year high of $73.16.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $56.15 million for the quarter, compared to the consensus estimate of $56.15 million. SPS Commerce had a return on equity of 4.25% and a net margin of 3.97%. SPS Commerce’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. equities analysts forecast that SPS Commerce will post 0.59 earnings per share for the current fiscal year.
SPS Commerce declared that its Board of Directors has approved a stock buyback plan on Thursday, November 2nd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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