Louisiana State Employees Retirement System Continues to Hold Position in Insperity, Inc. (NSP)
Louisiana State Employees Retirement System maintained its stake in shares of Insperity, Inc. (NYSE:NSP) during the second quarter, Holdings Channel reports. The fund owned 7,600 shares of the business services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Insperity were worth $540,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Clean Yield Group purchased a new stake in shares of Insperity during the second quarter valued at approximately $976,000. Reinhart Partners Inc. purchased a new stake in shares of Insperity during the second quarter valued at approximately $2,051,000. State of Alaska Department of Revenue boosted its stake in shares of Insperity by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 3,703 shares of the business services provider’s stock valued at $262,000 after buying an additional 1,633 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Insperity by 1,042.9% in the second quarter. Bank of Montreal Can now owns 20,126 shares of the business services provider’s stock valued at $1,430,000 after buying an additional 18,365 shares during the last quarter. Finally, KAMES CAPITAL plc boosted its stake in shares of Insperity by 32.3% in the second quarter. KAMES CAPITAL plc now owns 64,821 shares of the business services provider’s stock valued at $4,596,000 after buying an additional 15,827 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.
Shares of Insperity, Inc. (NSP) traded down 0.86% during mid-day trading on Thursday, hitting $83.28. The company had a trading volume of 20,798 shares. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65. The firm has a 50-day moving average price of $74.91 and a 200 day moving average price of $80.15. The firm has a market capitalization of $1.74 billion, a P/E ratio of 24.12 and a beta of 0.76.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. Insperity’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
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Several analysts recently commented on the company. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday. BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Insperity presently has an average rating of “Buy” and an average price target of $94.00.
In related news, EVP Jay E. Mincks sold 2,459 shares of Insperity stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $84.53, for a total transaction of $207,859.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total value of $4,331,940.00. Following the transaction, the president now directly owns 128,868 shares of the company’s stock, valued at $10,946,047.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,075 shares of company stock valued at $6,703,461. 27.47% of the stock is currently owned by insiders.
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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