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.

In other Insperity news, CFO Douglas S. Sharp sold 6,522 shares of Insperity stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $119.29, for a total transaction of $778,009.38. Following the transaction, the chief financial officer now directly owns 24,263 shares of the company’s stock, valued at approximately $2,894,333.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel D. Herink sold 5,000 shares of Insperity stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $120.01, for a total value of $600,050.00. Following the transaction, the senior vice president now directly owns 25,873 shares in the company, valued at $3,105,018.73. The disclosure for this sale can be found here. Insiders have sold a total of 77,589 shares of company stock worth $9,532,683 over the last ninety days. Company insiders own 6.86% of the company’s stock.

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.

TRADEMARK VIOLATION NOTICE: “Insperity Inc (NSP) Position Lowered by New York State Teachers Retirement System” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/insperity-inc-nsp-position-lowered-by-new-york-state-teachers-retirement-system/3018572.html.

Insperity Profile

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.

See Also: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity Inc (NYSE:NSP).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.