Canada Pension Plan Investment Board Invests $8.97 Million in SPS Commerce, Inc. $SPSC

Key Points

• Canada Pension Plan Investment Board acquired 156,860 SPS Commerce shares worth approximately $8.97 million, representing a 0.44% stake. Institutional investors collectively own 98.96% of the company.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 in EPS versus the $1.09 estimate and revenue of $197.81 million, up 5.6% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and $77.10 price target, despite recent upgrades from Needham and Citigroup; shares opened at $84.92.

Canada Pension Plan Investment Board bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 156,860 shares of the software maker's stock, valued at approximately $8,968,000. Canada Pension Plan Investment Board owned 0.44% of SPS Commerce as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of SPS Commerce in the 2nd quarter worth approximately $339,259,000. UBS Group AG boosted its position in shares of SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker's stock valued at $115,447,000 after purchasing an additional 836,407 shares in the last quarter. Norges Bank bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $49,883,000. Irenic Capital Management LP purchased a new stake in SPS Commerce in the fourth quarter worth $40,293,000. Finally, Walleye Capital LLC grew its stake in SPS Commerce by 1,749.1% in the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker's stock worth $25,477,000 after purchasing an additional 432,886 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SPSC. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the company a "hold" rating in a research report on Friday, July 31st. Zacks Research raised shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. Finally, Citigroup reissued a "buy" rating and set a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $77.10.

SPS Commerce Trading Up 0.9%

Shares of NASDAQ:SPSC opened at $84.92 on Friday. The stock has a fifty day simple moving average of $68.09 and a two-hundred day simple moving average of $60.82. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 41.02 and a beta of 0.53. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $114.87.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results 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 business had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. 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, equities research analysts predict that SPS Commerce, Inc. will post 3.56 EPS for the current year.

SPS Commerce 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.

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