The Manufacturers Life Insurance Company Takes Position in SPS Commerce, Inc. $SPSC

Posted by Geri Gentry on Sep 5th, 2026

The Manufacturers Life Insurance Company purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,323 shares of the software maker’s stock, valued at approximately $1,048,000. The Manufacturers Life Insurance Company owned 0.05% of SPS Commerce as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the period. Advisory Services Network LLC purchased a new stake in shares of SPS Commerce in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC lifted its position in shares of SPS Commerce by 2,130.0% in 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 in the last quarter. Summit Securities Group LLC acquired a new position in SPS Commerce in the 4th quarter worth approximately $45,000. Finally, Allworth Financial LP purchased a new position in SPS Commerce during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Down 1.4%

NASDAQ:SPSC opened at $83.00 on Friday. The company’s 50 day moving average is $70.86 and its 200-day moving average is $61.33. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $114.87. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 40.10 and a beta of 0.51.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last posted its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. SPS Commerce’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $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. Research analysts predict that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. DA Davidson set a $65.00 target price on shares of SPS Commerce in a research note on Friday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and set a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.10.

Check Out Our Latest Stock Report on SPSC

About SPS Commerce

(Free Report)

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.