Bessemer Group Inc. maintained its position in shares of Insperity, Inc. (NYSE:NSP) during the second quarter, Holdings Channel reports. The institutional investor owned 21,900 shares of the business services provider’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Insperity were worth $1,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares during the last quarter. Bank of Montreal Can raised its position in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares during the last quarter. First National Bank of Hutchinson raised its position in shares of Insperity by 1.1% in the second quarter. First National Bank of Hutchinson now owns 6,216 shares of the business services provider’s stock valued at $453,000 after buying an additional 66 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Insperity by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,410 shares of the business services provider’s stock valued at $313,000 after buying an additional 100 shares during the last quarter. Finally, Northwest Investment Counselors LLC raised its position in shares of Insperity by 1.2% in the first quarter. Northwest Investment Counselors LLC now owns 13,282 shares of the business services provider’s stock valued at $1,177,000 after buying an additional 157 shares during the last quarter. 82.58% of the stock is owned by institutional investors.

Shares of Insperity, Inc. (NYSE NSP) opened at 82.40 on Friday. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65. The company has a market cap of $1.72 billion, a P/E ratio of 23.86 and a beta of 0.76. The firm has a 50-day moving average price of $75.30 and a 200 day moving average price of $80.25.

Insperity (NYSE:NSP) last posted its quarterly earnings data 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. The business had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Equities analysts predict that Insperity, Inc. will post $4.55 earnings per share for the current year.

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A number of analysts recently weighed in on the company. Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Monday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Insperity presently has an average rating of “Buy” and a consensus target price of $94.00.

In related news, President Richard G. Rawson sold 51,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 of the company’s stock, valued at approximately $10,946,047.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur A. Arizpe sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $85.00, for a total value of $212,500.00. Following the sale, the executive vice president now directly owns 23,653 shares of the company’s stock, valued at $2,010,505. The disclosure for this sale can be found here. Insiders sold a total of 81,575 shares of company stock valued at $6,913,786 over the last ninety days. Corporate insiders own 27.47% of the company’s stock.

About Insperity

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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