Jupiter Topco LLC Takes $56.26 Million Position in SPS Commerce, Inc. $SPSC

Jupiter Topco LLC purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, HoldingsChannel reports. The fund purchased 984,427 shares of the software maker’s stock, valued at approximately $56,260,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares during the period. Advisory Services Network LLC purchased a new position in shares of SPS Commerce in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its holdings in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares during the period. Global Retirement Partners LLC increased its position in shares of SPS Commerce by 2,130.0% during the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock valued at $40,000 after purchasing an additional 426 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of SPS Commerce during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several recent research reports. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating and set a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Stifel Nicolaus set a $70.00 price objective on shares of SPS Commerce and gave the company a “hold” rating in a research report on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Finally, Morgan Stanley restated an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, SPS Commerce currently has an average rating of “Hold” and a consensus price target of $77.10.

SPS Commerce Stock Performance

SPSC opened at $84.20 on Friday. The stock’s 50 day moving average price is $67.46 and its 200-day moving average price is $60.65. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $114.87. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 40.68 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The firm had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same period last year, the company earned $1.00 EPS. SPS Commerce’s quarterly revenue was up 5.6% compared to the same quarter last year. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. As a group, analysts predict that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.