Alliancebernstein L.P. Reduces Position in Insperity, Inc. (NSP)
Alliancebernstein L.P. decreased its stake in Insperity, Inc. (NYSE:NSP) by 30.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,786 shares of the business services provider’s stock after selling 21,740 shares during the period. Alliancebernstein L.P. owned about 0.24% of Insperity worth $3,535,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Insperity by 31,621.5% in the 1st quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after purchasing an additional 2,794,710 shares during the last quarter. Vanguard Group Inc. lifted its stake in Insperity by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after purchasing an additional 111,896 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in Insperity by 4.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 414,559 shares of the business services provider’s stock valued at $29,434,000 after purchasing an additional 17,244 shares during the last quarter. State Street Corp lifted its stake in Insperity by 8.1% in the 1st quarter. State Street Corp now owns 403,901 shares of the business services provider’s stock valued at $35,803,000 after purchasing an additional 30,424 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Insperity by 3.6% in the 2nd quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock valued at $27,385,000 after purchasing an additional 13,430 shares during the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Insperity from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and increased their price objective for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $94.00.
In other Insperity news, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the completion of the sale, the president now directly owns 128,868 shares in the company, valued at $10,946,047.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jay E. Mincks sold 859 shares of Insperity stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $84.60, for a total transaction of $72,671.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,401 shares of company stock valued at $9,642,153. 27.47% of the stock is currently owned by company insiders.
Insperity, Inc. (NYSE NSP) opened at 92.80 on Friday. Insperity, Inc. has a 52 week low of $64.55 and a 52 week high of $93.85. The company has a 50-day moving average of $83.32 and a 200 day moving average of $80.93. The company has a market cap of $1.93 billion, a P/E ratio of 26.88 and a beta of 0.79.
Insperity (NYSE:NSP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. During the same period in the previous year, the business posted $0.60 earnings per share. Insperity’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Insperity, Inc. will post $4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 1.29%. Insperity’s payout ratio is presently 34.68%.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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