Principal Financial Group Inc. trimmed its position in shares of Insperity, Inc. (NYSE:NSP) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,273 shares of the business services provider’s stock after selling 16,550 shares during the period. Principal Financial Group Inc. owned about 1.83% of Insperity worth $33,640,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Shaker Investments LLC OH purchased a new stake in shares of Insperity during the third quarter worth $238,000. New York State Common Retirement Fund raised its holdings in shares of Insperity by 17.5% during the second quarter. New York State Common Retirement Fund now owns 31,942 shares of the business services provider’s stock worth $2,268,000 after acquiring an additional 4,761 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Insperity during the second quarter worth $2,782,000. New Amsterdam Partners LLC NY purchased a new stake in shares of Insperity during the third quarter worth $3,858,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Insperity by 16.1% during the second quarter. Janney Montgomery Scott LLC now owns 6,243 shares of the business services provider’s stock worth $443,000 after acquiring an additional 866 shares in the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.
Insperity, Inc. (NYSE:NSP) opened at $114.45 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market cap of $2,310.00, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82. Insperity, Inc. has a 1 year low of $69.20 and a 1 year high of $115.75.
Shares of Insperity are set to split on Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, December 15th.
Insperity (NYSE:NSP) last posted its earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.16. The firm had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. equities analysts anticipate that Insperity, Inc. will post 4.07 EPS for the current fiscal year.
Several brokerages recently issued reports on NSP. BidaskClub lowered Insperity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $110.00 price objective on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and set a $112.00 price objective on shares of Insperity in a report on Friday, November 10th. Finally, Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Insperity has an average rating of “Hold” and an average target price of $101.20.
In other Insperity news, President Richard G. Rawson sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $105.22, for a total transaction of $1,052,200.00. Following the transaction, the president now directly owns 97,410 shares of the company’s stock, valued at $10,249,480.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jon Craig Goodwin bought 200,000 shares of the stock in a transaction on Monday, October 16th. The shares were acquired at an average cost of $0.18 per share, for a total transaction of $36,000.00. Over the last three months, insiders have acquired 590,667 shares of company stock worth $106,280 and have sold 328,283 shares worth $11,086,122. Corporate insiders own 27.47% of the company’s stock.
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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