A Reversal for SPS Commerce, Inc. (SPSC) Is Not Near. The Stock Reaches 52-Week High Today

April 17, 2018 - By Hazel Jackson

SPS Commerce, Inc. (NASDAQ:SPSC) Logo

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.06, from 1.22 in 2017Q3. It dived, as 30 investors sold SPS Commerce, Inc. shares while 40 reduced holdings. 29 funds opened positions while 52 raised stakes. 16.83 million shares or 1.36% more from 16.61 million shares in 2017Q3 were reported.
Tiaa Cref Management Ltd Com has invested 0% in SPS Commerce, Inc. (NASDAQ:SPSC). Renaissance Technologies Ltd holds 0.02% or 284,400 shares. Deutsche Retail Bank Ag invested 0% in SPS Commerce, Inc. (NASDAQ:SPSC). Baker Avenue Asset Mgmt L P owns 11,381 shares for 0.05% of their portfolio. Mairs & invested in 26,870 shares. Louisiana State Employees Retirement System has 7,400 shares for 0.02% of their portfolio. Retail Bank Of Montreal Can has invested 0% in SPS Commerce, Inc. (NASDAQ:SPSC). Aperio Ltd holds 0% or 19,448 shares in its portfolio. Diker Lc owns 1.16% invested in SPS Commerce, Inc. (NASDAQ:SPSC) for 66,600 shares. California Employees Retirement System accumulated 0% or 14,985 shares. Principal Finance Gp reported 0.01% stake. Disciplined Growth Invsts Mn owns 145,506 shares for 0.14% of their portfolio. 54,887 were accumulated by Aqr Cap Mngmt Ltd Liability. Royal State Bank Of Canada holds 476,391 shares. Gsa Ltd Liability Partnership reported 10,238 shares.

Since February 12, 2018, it had 0 buys, and 1 insider sale for $452,255 activity.

The stock of SPS Commerce, Inc. (NASDAQ:SPSC) hit a new 52-week high and has $68.81 target or 5.00 % above today’s $65.53 share price. The 7 months bullish chart indicates low risk for the $1.13B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $68.81 price target is reached, the company will be worth $56.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.25% or $0.81 during the last trading session, reaching $65.53. About 52,306 shares traded. SPS Commerce, Inc. (NASDAQ:SPSC) has risen 9.57% since April 17, 2017 and is uptrending. It has underperformed by 1.98% the S&P500.

Analysts await SPS Commerce, Inc. (NASDAQ:SPSC) to report earnings on April, 26. They expect $0.20 earnings per share, 0.00 % or $0.00 from last year’s $0.2 per share. SPSC’s profit will be $3.45 million for 81.91 P/E if the $0.20 EPS becomes a reality. After $-0.04 actual earnings per share reported by SPS Commerce, Inc. for the previous quarter, Wall Street now forecasts -600.00 % EPS growth.

SPS Commerce, Inc. (NASDAQ:SPSC) Ratings Coverage

Among 6 analysts covering SPS Commerce (NASDAQ:SPSC), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. SPS Commerce had 8 analyst reports since October 23, 2017 according to SRatingsIntel. Benchmark downgraded the stock to “Sell” rating in Monday, October 30 report. The firm has “Outperform” rating by Oppenheimer given on Friday, October 27. Stifel Nicolaus maintained SPS Commerce, Inc. (NASDAQ:SPSC) rating on Friday, October 27. Stifel Nicolaus has “Buy” rating and $68 target. Northland Capital maintained SPS Commerce, Inc. (NASDAQ:SPSC) on Friday, October 27 with “Buy” rating. Needham maintained it with “Buy” rating and $64.0 target in Monday, October 23 report. On Friday, October 27 the stock rating was maintained by Canaccord Genuity with “Hold”. Oppenheimer initiated it with “Buy” rating and $62.0 target in Wednesday, February 7 report. Canaccord Genuity maintained SPS Commerce, Inc. (NASDAQ:SPSC) on Wednesday, February 7 with “Hold” rating.

SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. The company has market cap of $1.13 billion. It provides solutions through the SPS Commerce platform, a cloud product suite that enhances the way suppliers, retailers, distributors, logistics firms, and other trading partners manage and fulfill orders. It currently has negative earnings. The firm offers Trading Partner Fulfillment solution, which provides fulfillment automation and replaces or augments an organization's existing trading partner electronic communication infrastructure; Trading Partner Analytics solution that comprises data analytics applications to enhance visibility and analysis of clients supply chains; and Trading Partner Assortment solution to manage individual attributes associated with each item a retailer or supplier sells.

SPS Commerce, Inc. (NASDAQ:SPSC) Institutional Positions Chart

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