Wedge Capital Management L L P NC raised its holdings in shares of Insperity Inc (NYSE:NSP) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,271 shares of the business services provider’s stock after buying an additional 1,185 shares during the period. Wedge Capital Management L L P NC’s holdings in Insperity were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue lifted its position in Insperity by 3.9% during the third quarter. State of Alaska Department of Revenue now owns 12,693 shares of the business services provider’s stock valued at $1,497,000 after buying an additional 477 shares in the last quarter. First National Bank of Hutchinson lifted its position in Insperity by 5.8% during the third quarter. First National Bank of Hutchinson now owns 9,433 shares of the business services provider’s stock valued at $1,113,000 after buying an additional 516 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Insperity by 5.9% during the second quarter. Crossmark Global Holdings Inc. now owns 11,110 shares of the business services provider’s stock valued at $1,058,000 after buying an additional 620 shares in the last quarter. Macquarie Group Ltd. lifted its position in Insperity by 53.8% during the second quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock valued at $191,000 after buying an additional 700 shares in the last quarter. Finally, Comerica Bank lifted its position in Insperity by 1.9% during the second quarter. Comerica Bank now owns 39,953 shares of the business services provider’s stock valued at $3,951,000 after buying an additional 736 shares in the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NSP opened at $115.49 on Friday. Insperity Inc has a 52 week low of $52.24 and a 52 week high of $121.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $4.87 billion, a PE ratio of 36.16, a PEG ratio of 1.93 and a beta of 0.90.

Insperity (NYSE:NSP) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.14. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The business had revenue of $925.13 million for the quarter, compared to analysts’ expectations of $935.62 million. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Insperity Inc will post 3.35 earnings per share for the current year.

A number of research analysts have recently commented on the stock. Roth Capital boosted their target price on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. First Analysis reissued an “equal weight” rating on shares of Insperity in a research report on Thursday, August 2nd. Robert W. Baird boosted their target price on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $110.80.

In other news, EVP Jay E. Mincks sold 2,700 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $116.01, for a total transaction of $313,227.00. Following the transaction, the executive vice president now directly owns 58,516 shares of the company’s stock, valued at $6,788,441.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Paul J. Sarvadi sold 30,000 shares of Insperity stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $116.61, for a total transaction of $3,498,300.00. Following the completion of the sale, the chairman now owns 598,962 shares of the company’s stock, valued at approximately $69,844,958.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,769 shares of company stock worth $11,568,504. Corporate insiders own 9.58% of the company’s stock.

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Insperity Company Profile

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.

Further Reading: Market Capitalization in the Stock Market

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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