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

Key Points

• Jupiter Topco LLC acquired 984,427 shares of SPS Commerce worth approximately $56.26 million, giving it a 2.73% stake. Institutional investors collectively own 98.96% of the company.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $77.10; targets range from $59 to $82.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 EPS versus the $1.09 estimate and $197.81 million in revenue. Revenue increased 5.6% year over year, while fiscal 2026 EPS guidance is $4.84–$4.93.

Jupiter Topco LLC acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 984,427 shares of the software maker's stock, valued at approximately $56,260,000. Jupiter Topco LLC owned 2.73% of SPS Commerce at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPSC. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock valued at $52,000 after acquiring an additional 112 shares during the period. AQR Capital Management LLC boosted its stake in shares of SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker's stock worth $1,876,000 after acquiring an additional 275 shares during the period. NewEdge Advisors LLC grew its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of SPS Commerce by 137.7% during the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker's stock worth $88,000 after purchasing an additional 376 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in SPS Commerce by 83.2% during the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker's stock valued at $1,379,000 after purchasing an additional 4,602 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson set a $65.00 price target on SPS Commerce in a report on Friday, July 31st. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Citigroup reaffirmed a "buy" rating and set a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $59.00 price target (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, SPS Commerce has a consensus rating of "Hold" and a consensus price target of $77.10.

SPS Commerce Price Performance

NASDAQ SPSC opened at $84.20 on Friday. The stock has a market capitalization of $3.03 billion, a PE ratio of 40.68 and a beta of 0.53. The business has a 50 day simple moving average of $67.46 and a two-hundred day simple moving average of $60.65. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $114.87.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.18. The business had revenue of $197.81 million for the quarter, compared to analysts' expectations of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. 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. On average, analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

SPS Commerce Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source