William Blair Sticks to Their Hold Rating for SPS Commerce (SPSC)

In a report issued on April 29, Matthew Pfau from William Blair maintained a Hold rating on SPS Commerce (SPSCResearch Report). The company’s shares closed last Friday at $119.63.

According to, Pfau is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.8% and a 30.9% success rate. Pfau covers the Technology sector, focusing on stocks such as Manhattan Associates, Aspen Technology, and Squarespace.

Currently, the analyst consensus on SPS Commerce is a Strong Buy with an average price target of $173.20.

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Based on SPS Commerce’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $103 million and net profit of $12.77 million. In comparison, last year the company earned revenue of $83.31 million and had a net profit of $13.47 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPSC in relation to earlier this year.

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SPS Commerce, Inc. provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions. The company was founded by Gary W. Anderson and Roger Anderson on January 28, 1987 and is headquartered in Minneapolis, MN.

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