Nine Chapters Capital Management LLC Takes $326,000 Position in Insperity, Inc. (NSP)
Nine Chapters Capital Management LLC purchased a new stake in shares of Insperity, Inc. (NYSE:NSP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,700 shares of the business services provider’s stock, valued at approximately $326,000.
Other large investors also recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in Insperity by 17.5% in 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 buying an additional 4,761 shares in the last quarter. Bank of America Corp DE increased its holdings in Insperity by 41.4% in the 1st quarter. Bank of America Corp DE now owns 197,718 shares of the business services provider’s stock worth $17,528,000 after buying an additional 57,924 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Insperity in the 2nd quarter worth about $2,782,000. Janney Montgomery Scott LLC increased its holdings in Insperity by 16.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,243 shares of the business services provider’s stock worth $443,000 after buying an additional 866 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Insperity by 3.6% in the 2nd quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock worth $27,385,000 after buying an additional 13,430 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $795.50 million for the quarter, compared to analyst estimates of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share.
In other news, Chairman Paul J. Sarvadi sold 5,742 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $84.05, for a total value of $482,615.10. Following the transaction, the chairman now directly owns 252,248 shares of the company’s stock, valued at $21,201,444.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard G. Rawson sold 22,257 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $84.40, for a total value of $1,878,490.80. Following the completion of the transaction, the president now directly owns 118,152 shares in the company, valued at $9,972,028.80. The disclosure for this sale can be found here. Insiders sold 60,083 shares of company stock worth $5,029,682 over the last three months. Corporate insiders own 27.47% of the company’s stock.
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NSP has been the subject of several research analyst reports. Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, August 7th. Finally, BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $94.00.
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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