IndexIQ Advisors LLC increased its holdings in Insperity, Inc. (NYSE:NSP) by 83.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,776 shares of the company’s stock after purchasing an additional 4,450 shares during the quarter. IndexIQ Advisors LLC’s holdings in Insperity were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Suntrust Banks Inc. raised its position in Insperity by 1.6% in the 2nd quarter. Suntrust Banks Inc. now owns 3,457 shares of the company’s stock worth $244,000 after purchasing an additional 53 shares during the period. Albion Financial Group UT raised its position in Insperity by 1.8% in the 2nd quarter. Albion Financial Group UT now owns 3,358 shares of the company’s stock worth $238,000 after purchasing an additional 60 shares during the period. First National Bank of Hutchinson raised its position in Insperity by 1.1% in the 2nd quarter. First National Bank of Hutchinson now owns 6,216 shares of the company’s stock worth $453,000 after purchasing an additional 66 shares during the period. Alps Advisors Inc. raised its position in Insperity by 1.5% in the 2nd quarter. Alps Advisors Inc. now owns 5,868 shares of the company’s stock worth $417,000 after purchasing an additional 86 shares during the period. Finally, Renaissance Group LLC raised its position in Insperity by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 4,010 shares of the company’s stock worth $285,000 after purchasing an additional 93 shares during the period. Institutional investors own 81.74% of the company’s stock.
Insperity, Inc. (NYSE NSP) opened at C$106.20 on Friday. Insperity, Inc. has a 52-week low of C$69.20 and a 52-week high of C$106.95. The stock has a market cap of $2,213.53, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16.
Insperity (NYSE:NSP) last released its quarterly earnings data on Wednesday, November 1st. The company reported C$1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.98 by C$0.16. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm had revenue of C$795.50 million for the quarter, compared to analysts’ expectations of C$786.44 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities research analysts expect that Insperity, Inc. will post 3.94 EPS for the current fiscal year.
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In other Insperity news, SVP Daniel D. Herink sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$83.34, for a total value of C$250,020.00. Following the transaction, the senior vice president now owns 19,014 shares in the company, valued at C$1,584,626.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Richard G. Rawson sold 9,201 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$103.00, for a total transaction of C$947,703.00. Following the completion of the transaction, the president now owns 97,410 shares in the company, valued at approximately C$10,033,230. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 590,667 shares of company stock worth $106,280 and sold 327,025 shares worth $10,766,557. 27.47% of the stock is currently owned by insiders.
A number of brokerages recently commented on NSP. Robert W. Baird reiterated a “buy” rating and issued a $112.00 target price on shares of Insperity in a research report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $110.00 target price on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, August 7th. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and lifted their target price for the stock 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, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$101.20.
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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