Insperity Inc (NSP) Position Cut by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in Insperity Inc (NYSE:NSP) by 39.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,499 shares of the business services provider’s stock after selling 92,094 shares during the quarter. Loomis Sayles & Co. L P owned about 0.34% of Insperity worth $16,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NSP. Private Capital Group LLC grew its holdings in Insperity by 566.1% in the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock worth $104,000 after buying an additional 934 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Insperity in the 2nd quarter worth approximately $124,000. Macquarie Group Ltd. grew its holdings in Insperity by 53.8% in the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after buying an additional 700 shares in the last quarter. Advisors Preferred LLC grew its holdings in Insperity by 825.0% in the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after buying an additional 1,881 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Insperity in the 3rd quarter worth approximately $204,000. 83.35% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE NSP opened at $94.24 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.60 and a beta of 0.93. Insperity Inc has a 1 year low of $55.40 and a 1 year high of $121.15.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.14. The firm had revenue of $925.13 million during the quarter, compared to analyst estimates of $935.62 million. Insperity had a return on equity of 123.25% and a net margin of 3.41%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. Equities research analysts forecast that Insperity Inc will post 3.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Thursday, December 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Wednesday, December 12th. Insperity’s payout ratio is currently 39.22%.

A number of equities analysts recently issued reports on NSP shares. Robert W. Baird increased their price objective on Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research reissued a “strong-buy” rating and issued a $127.00 price objective on shares of Insperity in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $112.40.

In other Insperity news, EVP Jay E. Mincks sold 1,042 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $108.62, for a total transaction of $113,182.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James D. Allison sold 2,000 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $115.90, for a total value of $231,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,742 shares of company stock valued at $4,156,509. 9.58% of the stock is currently owned by corporate insiders.

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About Insperity

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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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