What Will Happen to SPS Commerce, Inc. (SPSC) Next? The Stock Formed a Several Months Bullish Double Top

July 16, 2018 - By Ash Maslow

SPS Commerce, Inc. (NASDAQ:SPSC) Logo

Investors sentiment increased to 1.27 in Q1 2018. Its up 0.11, from 1.16 in 2017Q4. It increased, as 14 investors sold SPS Commerce, Inc. shares while 46 reduced holdings. 28 funds opened positions while 48 raised stakes. 15.91 million shares or 5.49% less from 16.83 million shares in 2017Q4 were reported.
Geode Management Ltd Liability Corporation stated it has 0% in SPS Commerce, Inc. (NASDAQ:SPSC). 92,970 were reported by Tiaa Cref Ltd Liability. Oppenheimer Asset Inc invested in 6,012 shares or 0.01% of the stock. Royal Financial Bank Of Canada holds 476,405 shares or 0.01% of its portfolio. Amer Century Cos accumulated 0.01% or 156,763 shares. Tiverton Asset Mgmt Limited Liability stated it has 0.03% of its portfolio in SPS Commerce, Inc. (NASDAQ:SPSC). Aperio Gru Ltd Liability Corporation reported 22,516 shares. Los Angeles Mgmt And Equity Research Inc owns 0% invested in SPS Commerce, Inc. (NASDAQ:SPSC) for 5,725 shares. Citadel Ltd Liability holds 0% or 105,887 shares in its portfolio. Ftb Advisors holds 0% or 203 shares. Trexquant Invest Lp reported 3,624 shares. 3,813 are held by Teacher Retirement Systems Of Texas. Louisiana State Employees Retirement System reported 7,700 shares stake. World reported 0.02% of its portfolio in SPS Commerce, Inc. (NASDAQ:SPSC). Kbc Grp Inc Nv stated it has 0% in SPS Commerce, Inc. (NASDAQ:SPSC).

Since February 12, 2018, it had 0 insider purchases, and 4 sales for $2.09 million activity. On Monday, February 12 Frome James J. sold $452,255 worth of SPS Commerce, Inc. (NASDAQ:SPSC) or 8,357 shares. $1.19 million worth of SPS Commerce, Inc. (NASDAQ:SPSC) was sold by Nelson Kimberly K..

The chart of SPS Commerce, Inc. (SPSC) shows a double top with $83.38 target or 8.00 % above today’s $77.20 share price. The 9 months chart pattern indicates low risk for the $1.34B company. It was reported on Jul, 16 by Finviz.com. If the $83.38 price target is reached, the company will be worth $107.20M more. Double tops are rare but powerful chart patterns.

The stock increased 0.13% or $0.1 during the last trading session, reaching $77.2. About 18,972 shares traded. SPS Commerce, Inc. (NASDAQ:SPSC) has risen 24.88% since July 16, 2017 and is uptrending. It has outperformed by 12.31% the S&P500.

Analysts await SPS Commerce, Inc. (NASDAQ:SPSC) to report earnings on July, 26. They expect $0.20 EPS, up 33.33 % or $0.05 from last year’s $0.15 per share. SPSC’s profit will be $3.47M for 96.50 P/E if the $0.20 EPS becomes a reality. After $0.24 actual EPS reported by SPS Commerce, Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

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

Among 4 analysts covering SPS Commerce (NASDAQ:SPSC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. SPS Commerce had 6 analyst reports since February 7, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Oppenheimer given on Thursday, June 7. Benchmark upgraded SPS Commerce, Inc. (NASDAQ:SPSC) on Monday, April 23 to “Hold” rating. The company was maintained on Wednesday, February 7 by Canaccord Genuity. The rating was upgraded by Canaccord Genuity on Friday, April 27 to “Buy”. JMP Securities maintained SPS Commerce, Inc. (NASDAQ:SPSC) on Friday, April 27 with “Market Outperform” rating. Oppenheimer initiated the shares of SPSC in report on Wednesday, February 7 with “Buy” rating.

SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. The company has market cap of $1.34 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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