Credit Suisse AG raised its stake in Insperity, Inc. (NYSE:NSP) by 88.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,865 shares of the business services provider’s stock after buying an additional 27,588 shares during the period. Credit Suisse AG owned approximately 0.28% of Insperity worth $5,218,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Insperity during the first quarter valued at $120,000. Meeder Asset Management Inc. acquired a new position in shares of Insperity during the first quarter valued at $129,000. Bank of Montreal Can increased its position in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares during the period. LS Investment Advisors LLC increased its position in shares of Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock valued at $175,000 after buying an additional 1,249 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares during the period. Institutional investors own 81.66% of the company’s stock.
Insperity, Inc. (NYSE NSP) opened at 72.40 on Friday. Insperity, Inc. has a one year low of $64.55 and a one year high of $93.65. The company has a 50-day moving average of $73.83 and a 200 day moving average of $79.42. The firm has a market cap of $1.53 billion, a P/E ratio of 22.36 and a beta of 0.75.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Monday, May 1st. The business services provider reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.02. Insperity had a return on equity of 94.46% and a net margin of 2.26%. The company had revenue of $882.66 million during the quarter, compared to analysts’ expectations of $887.37 million. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that Insperity, Inc. will post $4.33 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on NSP. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub downgraded shares of Insperity from a “sell” rating to a “strong sell” rating in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Insperity presently has a consensus rating of “Hold” and a consensus price target of $94.00.
In other Insperity news, SVP Douglas S. Sharp sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $87.97, for a total value of $175,940.00. Following the completion of the sale, the senior vice president now owns 14,402 shares in the company, valued at $1,266,943.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jay E. Mincks sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $90.63, for a total value of $543,780.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,365 shares of company stock valued at $6,784,996. 27.47% of the stock is owned by company insiders.
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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