Insperity, Inc. (NSP) Position Raised by Smith Asset Management Group LP
Smith Asset Management Group LP increased its position in shares of Insperity, Inc. (NYSE:NSP) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,362 shares of the business services provider’s stock after purchasing an additional 710 shares during the quarter. Smith Asset Management Group LP owned approximately 0.16% of Insperity worth $2,848,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Shaker Investments LLC OH acquired a new stake in shares of Insperity during the 3rd quarter worth about $238,000. New York State Common Retirement Fund increased its position in shares of Insperity by 17.5% during the 2nd quarter. New York State Common Retirement Fund now owns 31,942 shares of the business services provider’s stock worth $2,268,000 after purchasing an additional 4,761 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Insperity during the 2nd quarter worth about $2,782,000. New Amsterdam Partners LLC NY acquired a new stake in shares of Insperity during the 3rd quarter worth about $3,858,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Insperity by 16.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,243 shares of the business services provider’s stock worth $443,000 after purchasing an additional 866 shares in the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.
Shares of Insperity, Inc. (NYSE:NSP) opened at $105.55 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $2,223.93, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.50 and a beta of 0.82. Insperity, Inc. has a 1 year low of $69.20 and a 1 year high of $106.95.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. equities research analysts forecast that Insperity, Inc. will post 3.94 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. SunTrust Banks, Inc. restated a “hold” rating and issued a $110.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and raised their price objective for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Insperity currently has an average rating of “Hold” and an average target price of $97.20.
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In other news, CFO Douglas S. Sharp sold 2,633 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $101.06, for a total value of $266,090.98. Following the transaction, the chief financial officer now owns 11,769 shares of the company’s stock, valued at approximately $1,189,375.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul J. Sarvadi sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $103.26, for a total transaction of $3,097,800.00. Following the completion of the transaction, the chief executive officer now directly owns 252,248 shares in the company, valued at approximately $26,047,128.48. The disclosure for this sale can be found here. Insiders sold a total of 109,025 shares of company stock valued at $10,592,107 in the last 90 days. Corporate insiders own 27.47% of the company’s stock.
Insperity Company Profile
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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