JPMorgan Chase & Co. Sells 10,718 Shares of SPS Commerce, Inc. $SPSC

JPMorgan Chase & Co. lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 522,880 shares of the software maker’s stock after selling 10,718 shares during the period. JPMorgan Chase & Co.’s holdings in SPS Commerce were worth $71,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of SPS Commerce by 505.3% in the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after acquiring an additional 1,110,476 shares during the period. Geode Capital Management LLC lifted its holdings in SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after purchasing an additional 12,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after purchasing an additional 225,848 shares in the last quarter. Geneva Capital Management LLC boosted its stake in SPS Commerce by 7.5% in the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after purchasing an additional 43,330 shares during the period. Finally, Northern Trust Corp grew its holdings in SPS Commerce by 0.7% during the 1st quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock valued at $68,140,000 after buying an additional 3,329 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Up 1.2%

Shares of NASDAQ:SPSC opened at $83.31 on Friday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 38.22 and a beta of 0.71. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $201.06. The company has a 50-day moving average price of $96.69 and a 200 day moving average price of $117.29.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The business had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPSC shares. Weiss Ratings downgraded shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Cantor Fitzgerald cut shares of SPS Commerce from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $135.00 to $80.00 in a research note on Friday, October 31st. Morgan Stanley set a $100.00 price objective on SPS Commerce and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Citigroup decreased their target price on SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Robert W. Baird set a $104.00 price target on SPS Commerce in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Company Profile

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.