American Century Companies Inc. increased its position in SP Plus Corporation (NASDAQ:SP) by 38.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 109,062 shares of the business services provider’s stock after purchasing an additional 30,335 shares during the period. American Century Companies Inc. owned about 0.49% of SP Plus Corporation worth $4,308,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in shares of SP Plus Corporation during the 2nd quarter valued at $14,540,000. Laurion Capital Management LP acquired a new stake in shares of SP Plus Corporation during the 2nd quarter valued at $11,962,000. Principal Financial Group Inc. acquired a new stake in shares of SP Plus Corporation during the 2nd quarter valued at $11,150,000. FMR LLC acquired a new stake in shares of SP Plus Corporation during the 2nd quarter valued at $10,693,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of SP Plus Corporation during the 2nd quarter valued at $8,260,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

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SP has been the topic of a number of recent research reports. BidaskClub downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. ValuEngine upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th.

In other news, major shareholder Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

SP Plus Corporation (SP) opened at $38.95 on Friday. The firm has a market cap of $877.18, a price-to-earnings ratio of 21.28, a PEG ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82. SP Plus Corporation has a twelve month low of $27.05 and a twelve month high of $41.25.

SP Plus Corporation (NASDAQ:SP) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $392.70 million for the quarter, compared to the consensus estimate of $228.10 million. SP Plus Corporation had a net margin of 2.64% and a return on equity of 14.29%. sell-side analysts forecast that SP Plus Corporation will post 1.7 earnings per share for the current fiscal year.

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.

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

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