Jump Financial LLC Buys 30,174 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Jump Financial LLC increased its stake in SPS Commerce, Inc. by 158.4%, holding 49,221 shares valued at approximately $6.53 million as of the latest SEC filing.
• Recent analysis by Morgan Stanley and DA Davidson have resulted in lower price targets for SPS Commerce, with Morgan Stanley setting a target of $170.00 and DA Davidson downgrading it to $125.00.
• SPS Commerce reported a 22.0% increase in year-over-year revenue to $187.40 million for the last quarter, exceeding analyst estimates.

Jump Financial LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 158.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,221 shares of the software maker's stock after acquiring an additional 30,174 shares during the quarter. Jump Financial LLC owned approximately 0.13% of SPS Commerce worth $6,533,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPSC. Marshall Wace LLP acquired a new stake in shares of SPS Commerce during the 4th quarter valued at $2,441,000. First Trust Advisors LP raised its position in SPS Commerce by 202.0% during the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after purchasing an additional 3,801 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SPS Commerce by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock worth $78,159,000 after purchasing an additional 11,506 shares during the last quarter. MML Investors Services LLC raised its position in SPS Commerce by 6.8% during the 4th quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock worth $1,858,000 after purchasing an additional 647 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in SPS Commerce by 5.3% during the 4th quarter. Hsbc Holdings PLC now owns 5,729 shares of the software maker's stock worth $1,058,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $0.63 during mid-day trading on Friday, hitting $110.31. The company's stock had a trading volume of 341,990 shares, compared to its average volume of 354,881. The company's fifty day simple moving average is $126.49 and its 200-day simple moving average is $133.67. The company has a market cap of $4.18 billion, a PE ratio of 50.60 and a beta of 0.71. SPS Commerce, Inc. has a 52 week low of $102.05 and a 52 week high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPSC. Stifel Nicolaus lowered their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Loop Capital lowered SPS Commerce from a "buy" rating to a "hold" rating and lowered their target price for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Cantor Fitzgerald began coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price for the company. Finally, Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.80.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.