Insperity Inc (NSP) Position Lowered by New York State Teachers Retirement System
New York State Teachers Retirement System cut its position in shares of Insperity Inc (NYSE:NSP) by 0.3% in the first quarter, HoldingsChannel.com reports. The firm owned 88,917 shares of the business services provider’s stock after selling 302 shares during the quarter. New York State Teachers Retirement System’s holdings in Insperity were worth $10,995,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its holdings in shares of Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Insperity during the 4th quarter valued at $97,000. Reinhart Partners Inc. boosted its holdings in shares of Insperity by 1.3% during the 4th quarter. Reinhart Partners Inc. now owns 35,620 shares of the business services provider’s stock valued at $3,325,000 after acquiring an additional 470 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Insperity during the 4th quarter valued at $246,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Insperity by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,460 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 238 shares in the last quarter. 81.32% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on NSP. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Thursday, May 2nd. Roth Capital raised their price objective on Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. SunTrust Banks raised Insperity from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, ValuEngine raised Insperity from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $126.40.
Shares of NSP opened at $116.53 on Wednesday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 1.51 and a beta of 1.04. Insperity Inc has a 12 month low of $86.63 and a 12 month high of $132.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.15 and a current ratio of 1.15.
Insperity (NYSE:NSP) last announced its earnings results on Monday, April 29th. The business services provider reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.10. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Insperity had a return on equity of 138.18% and a net margin of 4.06%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. On average, equities research analysts forecast that Insperity Inc will post 4.19 EPS for the current year.
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Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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