Insperity Inc (NSP) Position Cut by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its stake in Insperity Inc (NYSE:NSP) by 83.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,696 shares of the business services provider’s stock after selling 13,557 shares during the quarter. Advisors Asset Management Inc.’s holdings in Insperity were worth $257,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NSP. BlackRock Inc. grew its holdings in Insperity by 14.1% in the second quarter. BlackRock Inc. now owns 6,139,453 shares of the business services provider’s stock valued at $584,781,000 after purchasing an additional 757,054 shares during the period. FMR LLC grew its stake in Insperity by 118.6% during the second quarter. FMR LLC now owns 991,464 shares of the business services provider’s stock worth $94,437,000 after buying an additional 537,846 shares during the period. Dana Investment Advisors Inc. purchased a new stake in Insperity during the second quarter worth approximately $18,733,000. Acadian Asset Management LLC grew its stake in Insperity by 69.6% during the second quarter. Acadian Asset Management LLC now owns 318,222 shares of the business services provider’s stock worth $30,310,000 after buying an additional 130,608 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Insperity by 307.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 152,680 shares of the business services provider’s stock worth $14,543,000 after buying an additional 115,246 shares during the period. Hedge funds and other institutional investors own 83.10% of the company’s stock.

In other news, EVP Arthur A. Arizpe sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $113.00, for a total transaction of $565,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard G. Rawson sold 40,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $115.11, for a total transaction of $4,604,400.00. Following the transaction, the director now directly owns 126,055 shares in the company, valued at $14,510,191.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,769 shares of company stock valued at $11,568,504. 9.58% of the stock is owned by insiders.

NSP opened at $115.49 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.69. Insperity Inc has a 52-week low of $52.24 and a 52-week high of $121.15. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90.

Insperity (NYSE:NSP) last released its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.14. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The company had revenue of $925.13 million during the quarter, compared to the consensus estimate of $935.62 million. During the same period in the previous year, the firm earned $1.14 earnings per share. Insperity’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, research analysts predict that Insperity Inc will post 3.35 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on NSP shares. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, August 7th. Robert W. Baird boosted their price objective on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. First Analysis reiterated an “equal weight” rating on shares of Insperity in a research note on Thursday, August 2nd. Finally, Roth Capital boosted their price objective on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Insperity has an average rating of “Buy” and a consensus price target of $110.80.

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Insperity Company Profile

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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