Profit Investment Management LLC reduced its stake in shares of Insperity, Inc. (NYSE:NSP) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,071 shares of the business services provider’s stock after selling 7,053 shares during the period. Insperity comprises approximately 2.0% of Profit Investment Management LLC’s holdings, making the stock its 11th largest position. Profit Investment Management LLC owned 0.15% of Insperity worth $2,206,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC boosted its stake in shares of Insperity by 1.2% in the first quarter. Northwest Investment Counselors LLC now owns 13,282 shares of the business services provider’s stock worth $1,177,000 after buying an additional 157 shares during the last quarter. Simplex Trading LLC boosted its stake in shares of Insperity by 8,329.3% in the first quarter. Simplex Trading LLC now owns 4,889 shares of the business services provider’s stock worth $433,000 after buying an additional 4,831 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock worth $183,000 after buying an additional 10 shares during the last quarter. Capital Impact Advisors LLC boosted its stake in shares of Insperity by 9.8% in the first quarter. Capital Impact Advisors LLC now owns 19,924 shares of the business services provider’s stock worth $1,766,000 after buying an additional 1,774 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.
Insperity, Inc. (NSP) remained flat at $82.40 on Friday. 123,133 shares of the company traded hands. Insperity, Inc. has a 52-week low of $64.55 and a 52-week high of $93.65. The company has a market cap of $1.72 billion, a PE ratio of 23.86 and a beta of 0.76. The company has a 50-day moving average of $75.30 and a 200-day moving average of $80.25.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. During the same period last year, the company earned $0.60 EPS. Insperity’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts anticipate that Insperity, Inc. will post $4.55 EPS for the current year.
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Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Insperity from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, August 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.00.
In related news, EVP Arthur A. Arizpe sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the executive vice president now directly owns 23,653 shares of the company’s stock, valued at approximately $2,010,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Richard G. Rawson sold 51,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total value of $4,331,940.00. Following the transaction, the president now owns 128,868 shares in the company, valued at $10,946,047.92. The disclosure for this sale can be found here. Insiders have sold a total of 81,575 shares of company stock valued at $6,913,786 over the last three months. 27.47% of the stock is owned by corporate insiders.
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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