Credit Suisse AG raised its stake in shares of Insperity, Inc. (NYSE:NSP) by 88.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.28% of Insperity worth $5,218,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its position in Insperity by 31,621.5% in the first quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock worth $248,536,000 after buying an additional 2,794,710 shares during the period. Vanguard Group Inc. increased its position in Insperity by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock worth $190,691,000 after buying an additional 111,896 shares during the period. Copper Rock Capital Partners LLC increased its position in Insperity by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 511,587 shares of the business services provider’s stock worth $44,431,000 after buying an additional 8,642 shares during the period. State Street Corp increased its position in Insperity by 8.1% in the first quarter. State Street Corp now owns 403,901 shares of the business services provider’s stock worth $35,803,000 after buying an additional 30,424 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in Insperity by 3.8% in the first quarter. Rothschild Asset Management Inc. now owns 397,315 shares of the business services provider’s stock worth $35,222,000 after buying an additional 14,406 shares during the period. Institutional investors and hedge funds own 82.30% of the company’s stock.
Insperity, Inc. (NYSE NSP) traded down 2.77% during midday trading on Thursday, reaching $80.65. The company had a trading volume of 143,183 shares. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.36 and a beta of 0.76. The stock’s 50 day moving average is $76.21 and its 200 day moving average is $80.56. Insperity, Inc. has a 12-month low of $64.55 and a 12-month high of $93.65.
Insperity (NYSE:NSP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts expect that Insperity, Inc. will post $4.55 earnings per share for the current year.
NSP has been the subject of a number of recent research reports. Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and upped their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Monday, August 7th. Finally, BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Insperity presently has an average rating of “Buy” and a consensus target price of $94.00.
In related news, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total value of $4,331,940.00. Following the completion of the transaction, the president now owns 128,868 shares in the company, valued at $10,946,047.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Arthur A. Arizpe sold 2,500 shares of Insperity stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $85.00, for a total value of $212,500.00. Following the completion of the transaction, the executive vice president now owns 23,653 shares of the company’s stock, valued at approximately $2,010,505. The disclosure for this sale can be found here. Insiders sold 90,917 shares of company stock worth $7,696,714 over the last ninety days. Insiders own 27.47% of the company’s stock.
About Insperity
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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