Verition Fund Management LLC boosted its holdings in Insperity, Inc. (NYSE:NSP) by 41.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,507 shares of the business services provider’s stock after purchasing an additional 2,193 shares during the quarter. Verition Fund Management LLC’s holdings in Insperity were worth $533,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Insperity by 31,621.5% in the 1st quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after buying an additional 2,794,710 shares during the period. Renaissance Technologies LLC increased its stake in Insperity by 97.8% in the 2nd quarter. Renaissance Technologies LLC now owns 316,633 shares of the business services provider’s stock valued at $22,481,000 after buying an additional 156,549 shares during the period. Teachers Advisors LLC increased its stake in Insperity by 156.0% in the 1st quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock valued at $18,918,000 after buying an additional 130,047 shares during the period. Vanguard Group Inc. increased its stake in Insperity by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after buying an additional 111,896 shares during the period. Finally, Mawer Investment Management Ltd. increased its stake in Insperity by 32.5% in the 2nd quarter. Mawer Investment Management Ltd. now owns 262,136 shares of the business services provider’s stock valued at $18,612,000 after buying an additional 64,236 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Insperity, Inc. (NYSE NSP) traded up 0.10% during trading on Friday, hitting $96.85. 9,518 shares of the stock were exchanged. The stock’s 50 day moving average is $88.24 and its 200-day moving average is $81.59. Insperity, Inc. has a one year low of $64.55 and a one year high of $97.15. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 28.05 and a beta of 0.79.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business 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 business earned $0.60 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on NSP shares. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of 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 raised shares of Insperity from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $94.00.
In related news, Director John M. Morphy sold 500 shares of Insperity stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total transaction of $41,925.00. Following the sale, the director now directly owns 1,887 shares in the company, valued at $158,224.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the sale, the president now owns 128,868 shares in the company, valued at $10,946,047.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,401 shares of company stock worth $9,642,153. Company 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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