SPS Commerce (SPSC) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $60 . Needham advised their investors in a research report released on Jul 27, 2016.
On the company’s financial health, SPS Commerce reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $47.40 million for the quarter, compared to analysts expectations of $47.06 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
SPS Commerce opened for trading at $64 and hit $68.29 on the upside on Thursday, eventually ending the session at $64.4, with a gain of 4.33% or 2.67 points. The heightened volatility saw the trading volume jump to 2,46,406 shares. Company has a market cap of $1,087 M.
In a different news, on Jun 3, 2016, Archie C. Black (CEO) sold 10,000 shares at $55.71 per share price. According to the SEC, on Nov 5, 2015, James J. Frome (EVP & Chief Operating Officer) sold 7,160 shares at $73.53 per share price. On Nov 2, 2015, Kimberly K. Nelson (EVP & CFO) sold 7,943 shares at $71.74 per share price, according to the Form-4 filing with the securities and exchange commission.
SPS Commerce Inc. is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform a cloud-based product suite that enables suppliers retailers distributors and other customers place manage and fulfill orders. The Companys platform consists of a set of coupled cloud services. The Companys fulfillment product combines integrations that comply with various rule books for retailers and distributors. By maintaining current integrations with retailers the Companys platform obviates the need for suppliers to continually stay up-to-date with the rule book changes required by retailers. The SPS Commerce cloud services platform offers a range of solutions: Trading Partner Fulfillment Trading Partner Assortment Trading Partner Analytics Trading Partner Sourcing Trading Partner Enablement and Other Trading Partner Solutions.