State Street Corp Buys 37,007 Shares of Insperity, Inc. (NSP)
State Street Corp increased its stake in Insperity, Inc. (NYSE:NSP) by 9.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 440,908 shares of the business services provider’s stock after acquiring an additional 37,007 shares during the quarter. State Street Corp owned approximately 2.12% of Insperity worth $31,305,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund grew its holdings in shares of 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 acquiring an additional 4,761 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Insperity in the 2nd quarter worth $2,782,000. Janney Montgomery Scott LLC grew its holdings in shares of 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 acquiring an additional 866 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of 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 acquiring an additional 13,430 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Insperity by 4.7% in the 2nd quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock worth $208,390,000 after acquiring an additional 131,500 shares during the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.
A number of brokerages recently issued reports on NSP. SunTrust Banks, Inc. restated a “hold” rating and issued a $110.00 target price on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research cut Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub cut Insperity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a 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 stock. Insperity presently has an average rating of “Hold” and an average target price of $97.20.
In other news, SVP Daniel D. Herink sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $83.34, for a total value of $250,020.00. Following the completion of the sale, the senior vice president now owns 19,014 shares of the company’s stock, valued at $1,584,626.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Paul J. Sarvadi sold 5,742 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $84.05, for a total value of $482,615.10. Following the completion of the sale, the chairman now directly owns 252,248 shares of the company’s stock, valued at approximately $21,201,444.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,025 shares of company stock valued at $10,592,107. 27.47% of the stock is currently owned by insiders.
Shares of Insperity, Inc. (NYSE NSP) opened at $106.20 on Friday. The company has a market capitalization of $2,199.96, a price-to-earnings ratio of 28.22, a PEG ratio of 1.49 and a beta of 0.82. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity, Inc. has a 12-month low of $69.20 and a 12-month high of $106.95.
Insperity (NYSE:NSP) last issued its earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.16. The business had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. Insperity’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. research analysts expect that Insperity, Inc. will post 3.94 EPS for the current year.
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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