Dimensional Fund Advisors LP lessened its holdings in Insperity, Inc. (NYSE:NSP) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,050 shares of the business services provider’s stock after selling 81,755 shares during the quarter. Dimensional Fund Advisors LP owned 3.64% of Insperity worth $53,822,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Insperity by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 217 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Insperity during the 1st quarter valued at approximately $120,000. Meeder Asset Management Inc. acquired a new stake in shares of Insperity during the 1st quarter valued at approximately $129,000. Profund Advisors LLC lifted its position in shares of Insperity by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 465 shares during the period. Finally, Suntrust Banks Inc. lifted its position in shares of Insperity by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 53 shares during the period. 78.98% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Insperity presently has an average rating of “Hold” and a consensus price target of $94.00.
In related news, SVP Daniel D. Herink sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $83.34, for a total value of $250,020.00. Following the completion of the sale, the senior vice president now owns 19,014 shares in the company, valued at approximately $1,584,626.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Richard G. Rawson sold 51,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the president now owns 128,868 shares of the company’s stock, valued at approximately $10,946,047.92. The disclosure for this sale can be found here. Insiders have sold 114,401 shares of company stock valued at $9,642,153 over the last 90 days. 27.47% of the stock is currently owned by insiders.
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Insperity, Inc. (NYSE NSP) opened at 96.30 on Friday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 27.89 and a beta of 0.79. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $97.15. The company’s 50 day moving average price is $88.24 and its 200 day moving average price is $81.59.
Insperity (NYSE:NSP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Analysts anticipate that Insperity, Inc. will post $4.55 EPS for the current year.
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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