Rhumbline Advisers Trims Holdings in Insperity Inc (NSP)

Rhumbline Advisers reduced its position in shares of Insperity Inc (NYSE:NSP) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 123,866 shares of the business services provider’s stock after selling 540 shares during the period. Rhumbline Advisers’ holdings in Insperity were worth $15,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc increased its holdings in Insperity by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock worth $479,025,000 after purchasing an additional 220,365 shares during the period. Prudential Financial Inc. increased its holdings in Insperity by 4.1% during the 4th quarter. Prudential Financial Inc. now owns 687,642 shares of the business services provider’s stock worth $64,199,000 after purchasing an additional 26,908 shares during the period. Norges Bank purchased a new position in Insperity during the 4th quarter worth $62,035,000. Northern Trust Corp increased its holdings in Insperity by 18.2% during the 4th quarter. Northern Trust Corp now owns 610,729 shares of the business services provider’s stock worth $57,017,000 after purchasing an additional 93,896 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Insperity by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 591,383 shares of the business services provider’s stock worth $55,211,000 after purchasing an additional 30,939 shares during the period. Institutional investors own 81.32% of the company’s stock.

Shares of NYSE NSP opened at $112.00 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.21. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 1.48 and a beta of 1.04. Insperity Inc has a 12-month low of $86.05 and a 12-month high of $132.50.

Insperity (NYSE:NSP) last announced its earnings results on Monday, April 29th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.10. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Insperity had a return on equity of 138.18% and a net margin of 4.06%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. As a group, equities research analysts expect that Insperity Inc will post 4.19 EPS for the current year.

Several research firms have commented on NSP. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, January 15th. Roth Capital increased their target price on Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, February 19th. ValuEngine raised Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, SunTrust Banks raised Insperity from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Insperity presently has an average rating of “Buy” and an average target price of $126.40.

In other Insperity news, Director Richard G. Rawson sold 55,834 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $125.07, for a total transaction of $6,983,158.38. Following the sale, the director now owns 105,919 shares of the company’s stock, valued at approximately $13,247,289.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $125.19, for a total value of $3,755,700.00. Following the sale, the chairman now directly owns 720,698 shares in the company, valued at approximately $90,224,182.62. The disclosure for this sale can be found here. Insiders have sold a total of 168,786 shares of company stock worth $20,967,376 in the last ninety days. Insiders own 6.86% of the company’s stock.

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Insperity 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 include a range of human resources functions, such as 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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