156,860 Shares in SPS Commerce, Inc. $SPSC Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 156,860 shares of the software maker’s stock, valued at approximately $8,968,000.

Several other institutional investors also recently modified their holdings of SPSC. NewEdge Advisors LLC increased its holdings in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Advisory Services Network LLC bought a new position in SPS Commerce during the 3rd quarter valued at about $32,000. Global Retirement Partners LLC lifted its stake in 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 acquiring an additional 426 shares during the period. Allworth Financial LP purchased a new stake in shares of SPS Commerce during the 2nd quarter valued at about $45,000. Finally, Summit Securities Group LLC bought a new position in SPS Commerce during the fourth quarter valued at approximately $45,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $84.92 on Friday. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $114.87. The company’s fifty day simple moving average is $68.09 and its 200-day simple moving average is $60.82. The stock has a market capitalization of $3.06 billion, a PE ratio of 41.02 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business posted $1.00 EPS. SPS Commerce’s revenue was up 5.6% on a year-over-year basis. 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, research analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of research reports. Citigroup reiterated 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. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Morgan Stanley reissued an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. DA Davidson set a $65.00 price target on SPS Commerce in a research note on Friday, July 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $77.10.

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.