Nisa Investment Advisors LLC boosted its holdings in shares of Insperity Inc (NYSE:NSP) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,745 shares of the business services provider’s stock after acquiring an additional 5,085 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.08% of Insperity worth $1,925,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of NSP. Skandinaviska Enskilda Banken AB publ bought a new position in Insperity during the first quarter valued at approximately $25,000. US Bancorp DE raised its position in Insperity by 788.6% during the first quarter. US Bancorp DE now owns 1,013 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 899 shares in the last quarter. Arden Trust Co bought a new position in Insperity during the first quarter valued at approximately $45,000. Ballast Advisors LLC bought a new position in shares of Insperity in the first quarter valued at approximately $46,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Insperity by 104.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 874 shares during the period. 86.70% of the stock is currently owned by hedge funds and other institutional investors.
NSP opened at $66.86 on Friday. Insperity Inc has a fifty-two week low of $22.59 and a fifty-two week high of $109.55. The company has a debt-to-equity ratio of 66.05, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s fifty day moving average price is $63.22 and its two-hundred day moving average price is $60.19. The company has a market capitalization of $2.59 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.67 and a beta of 1.72.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, May 4th. The business services provider reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.09. Insperity had a net margin of 3.12% and a return on equity of 310.00%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $1.98 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Insperity Inc will post 2.73 EPS for the current fiscal year.
In other news, Director John M. Morphy sold 1,300 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $53.06, for a total value of $68,978.00. Following the sale, the director now owns 6,940 shares in the company, valued at approximately $368,236.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay E. Mincks sold 2,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $52.70, for a total transaction of $131,750.00. The disclosure for this sale can be found here. 6.86% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on NSP shares. ValuEngine raised shares of Insperity from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Piper Sandler began coverage on shares of Insperity in a research report on Thursday, April 9th. They issued an “overweight” rating and a $74.00 price target on the stock. Roth Capital dropped their target price on shares of Insperity from $97.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Zacks Investment Research lowered shares of Insperity from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, May 22nd. Finally, SunTrust Banks boosted their target price on shares of Insperity from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Insperity has a consensus rating of “Hold” and a consensus target price of $83.20.
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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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