The Manufacturers Life Insurance Company increased its position in shares of Insperity, Inc. (NYSE:NSP) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,191 shares of the business services provider’s stock after buying an additional 2,056 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Insperity worth $1,007,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in NSP. Victory Capital Management Inc. raised its position in shares of Insperity by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after buying an additional 217 shares during the period. Profund Advisors LLC raised its position in shares of Insperity by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock valued at $216,000 after buying an additional 465 shares during the period. Suntrust Banks Inc. raised its position in shares of Insperity by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after buying an additional 53 shares during the period. Boston Advisors LLC purchased a new stake in shares of Insperity during the 2nd quarter valued at approximately $246,000. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Insperity during the 2nd quarter valued at approximately $248,000. 81.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Insperity, Inc. (NSP) opened at $108.00 on Tuesday. Insperity, Inc. has a 1-year low of $69.20 and a 1-year high of $108.43. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $2,213.51, a P/E ratio of 28.40, a P/E/G ratio of 1.50 and a beta of 0.82.
Insperity (NYSE:NSP) last posted its earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.16. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm had revenue of $795.50 million during the quarter, compared to the consensus estimate of $786.44 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts expect that Insperity, Inc. will post 3.94 earnings per share for the current fiscal year.
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In other Insperity news, CEO Paul J. Sarvadi sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $103.26, for a total value of $3,097,800.00. Following the completion of the transaction, the chief executive officer now owns 252,248 shares in the company, valued at $26,047,128.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Richard G. Rawson sold 10,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $105.22, for a total transaction of $1,052,200.00. Following the completion of the transaction, the president now owns 97,410 shares of the company’s stock, valued at approximately $10,249,480.20. The disclosure for this sale can be found here. In the last quarter, insiders purchased 590,667 shares of company stock valued at $106,280 and sold 334,025 shares valued at $11,568,737. 13.92% of the stock is currently owned by company insiders.
Several analysts have recently commented on the stock. BidaskClub lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st. Robert W. Baird reaffirmed a “buy” rating and set a $112.00 price target on shares of Insperity in a research report on Friday. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $110.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Insperity has a consensus rating of “Hold” and a consensus target price of $101.20.
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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