The Manufacturers Life Insurance Company Invests $1.05 Million in SPS Commerce, Inc. $SPSC

The Manufacturers Life Insurance Company acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the 2nd quarter, Holdings Channel reports. The firm acquired 18,323 shares of the software maker’s stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in SPS Commerce during the 2nd quarter valued at $339,259,000. State Street Corp boosted its holdings in SPS Commerce by 0.6% in the 4th quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock valued at $130,871,000 after purchasing an additional 8,163 shares during the period. Bank of America Corp DE grew its position in SPS Commerce by 3.3% in the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock worth $55,593,000 after purchasing an additional 31,434 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in SPS Commerce by 86.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of SPS Commerce by 9.9% during the 1st quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock worth $37,757,000 after purchasing an additional 61,350 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $70.00 price target on SPS Commerce and gave the company a “hold” rating in a report on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. Finally, Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.10.

SPS Commerce Stock Down 1.4%

NASDAQ SPSC opened at $83.00 on Friday. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $114.87. The stock has a market cap of $2.99 billion, a P/E ratio of 40.10 and a beta of 0.51. The company’s 50-day simple moving average is $70.86 and its 200 day simple moving average is $61.33.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The firm had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. 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. Research analysts anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current 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.