Systematic Financial Management LP acquired a new position in shares of SP Plus Corporation (NASDAQ:SP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,220 shares of the business services provider’s stock, valued at approximately $1,748,000. Systematic Financial Management LP owned about 0.26% of SP Plus Corporation at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bernzott Capital Advisors raised its holdings in SP Plus Corporation by 4.7% during the 2nd quarter. Bernzott Capital Advisors now owns 945,720 shares of the business services provider’s stock worth $28,892,000 after purchasing an additional 42,825 shares during the last quarter. Vanguard Group Inc. raised its holdings in SP Plus Corporation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 770,768 shares of the business services provider’s stock worth $26,014,000 after purchasing an additional 16,143 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SP Plus Corporation by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 767,223 shares of the business services provider’s stock valued at $25,894,000 after acquiring an additional 32,493 shares during the last quarter. Investment Counselors of Maryland LLC increased its stake in shares of SP Plus Corporation by 11.7% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 712,112 shares of the business services provider’s stock valued at $21,755,000 after acquiring an additional 74,441 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of SP Plus Corporation by 18.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 623,290 shares of the business services provider’s stock valued at $19,042,000 after acquiring an additional 98,127 shares during the last quarter. 94.68% of the stock is owned by hedge funds and other institutional investors.

Shares of SP Plus Corporation (SP) opened at 37.40 on Friday. SP Plus Corporation has a 52 week low of $22.60 and a 52 week high of $38.55. The company has a market capitalization of $830.35 million, a PE ratio of 21.72 and a beta of 0.97. The stock has a 50 day moving average price of $36.03 and a 200-day moving average price of $32.86.

SP Plus Corporation (NASDAQ:SP) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.11. The company had revenue of $415.40 million for the quarter, compared to analyst estimates of $223.35 million. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. Equities research analysts expect that SP Plus Corporation will post $1.69 EPS for the current year.

In related news, Director Robert S. Roath sold 70,000 shares of SP Plus Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total value of $2,433,900.00. Following the transaction, the director now directly owns 36,936 shares of the company’s stock, valued at $1,284,264.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

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SP has been the subject of a number of recent analyst reports. Zacks Investment Research cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, BidaskClub cut SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.

About SP Plus Corporation

SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.

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Institutional Ownership by Quarter for SP Plus Corporation (NASDAQ:SP)

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