Value Holdings Management CO. LLC raised its holdings in shares of Insperity Inc (NYSE:NSP) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,498 shares of the business services provider’s stock after acquiring an additional 158,249 shares during the period. Insperity makes up about 6.4% of Value Holdings Management CO. LLC’s portfolio, making the stock its 6th biggest position. Value Holdings Management CO. LLC owned about 0.76% of Insperity worth $18,152,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in NSP. Victory Capital Management Inc. lifted its stake in shares of 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 during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Insperity by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 252 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Insperity by 78.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 707 shares during the period. Amalgamated Bank acquired a new position in shares of Insperity in the 3rd quarter valued at $220,000. Finally, LS Investment Advisors LLC lifted its stake in shares of Insperity by 29.3% in the 3rd quarter. LS Investment Advisors LLC now owns 2,527 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 40.29% of the company’s stock.
Insperity Inc (NYSE:NSP) opened at $59.50 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity Inc has a 12 month low of $34.60 and a 12 month high of $62.30. The stock has a market cap of $2,588.68, a price-to-earnings ratio of 32.08, a P/E/G ratio of 1.49 and a beta of 0.93.
Insperity (NYSE:NSP) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $786.44 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. research analysts anticipate that Insperity Inc will post 2.01 earnings per share for the current year.
Insperity declared that its board has authorized a share buyback program on Thursday, November 16th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several research firms recently issued reports on NSP. Robert W. Baird reiterated a “buy” rating and issued a $56.00 target price on shares of Insperity in a research note on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and issued a $55.00 target price on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.60.
In other Insperity news, President Richard G. Rawson sold 9,201 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $103.00, for a total transaction of $947,703.00. Following the completion of the transaction, the president now directly owns 97,410 shares in the company, valued at $10,033,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel D. Herink sold 4,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total transaction of $409,560.00. Following the transaction, the senior vice president now owns 15,014 shares of the company’s stock, valued at $1,537,283.46. The disclosure for this sale can be found here. Insiders have sold 141,118 shares of company stock valued at $14,047,005 over the last 90 days. 27.47% of the stock is currently owned by company insiders.
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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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