Public Employees Retirement Association of Colorado boosted its position in Insperity Inc (NYSE:NSP) by 100.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,332 shares of the business services provider’s stock after acquiring an additional 3,666 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Insperity were worth $420,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Opus Capital Group LLC raised its stake in Insperity by 70.6% in the 4th quarter. Opus Capital Group LLC now owns 5,989 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 2,479 shares during the period. Aperio Group LLC raised its stake in Insperity by 73.5% in the 4th quarter. Aperio Group LLC now owns 9,032 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 3,827 shares during the period. Comerica Bank raised its stake in Insperity by 94.9% in the 4th quarter. Comerica Bank now owns 38,530 shares of the business services provider’s stock valued at $2,308,000 after acquiring an additional 18,763 shares during the period. Ifrah Financial Services Inc. bought a new stake in Insperity in the 4th quarter valued at about $255,000. Finally, Northwest Investment Counselors LLC raised its stake in Insperity by 97.4% in the 4th quarter. Northwest Investment Counselors LLC now owns 26,684 shares of the business services provider’s stock valued at $1,530,000 after acquiring an additional 13,164 shares during the period. Institutional investors and hedge funds own 44.36% of the company’s stock.
In other news, President Richard G. Rawson sold 900 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $114.76, for a total transaction of $103,284.00. Following the sale, the president now directly owns 97,410 shares in the company, valued at $11,178,771.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $117.01, for a total value of $585,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,900 shares of company stock worth $3,830,474. Company insiders own 27.47% of the company’s stock.
Shares of Insperity Inc (NSP) opened at $63.05 on Monday. Insperity Inc has a 52-week low of $34.88 and a 52-week high of $65.85. The firm has a market capitalization of $2,615.57, a PE ratio of 31.68, a PEG ratio of 1.29 and a beta of 0.96. The company has a current ratio of 1.07, a quick ratio of 1.16 and a debt-to-equity ratio of 1.57.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a net margin of 2.55% and a return on equity of 102.86%. The company had revenue of $826.50 million for the quarter, compared to the consensus estimate of $813.28 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. sell-side analysts predict that Insperity Inc will post 2.72 EPS for the current year.
Insperity announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 16th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
NSP has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating and issued a $56.00 price objective on shares of Insperity in a research note on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and set a $55.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Roth Capital upped their price target on Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Insperity presently has a consensus rating of “Hold” and an average target price of $57.25.
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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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