Reinhart Partners Inc. raised its position in Insperity Inc (NYSE:NSP) by 60.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,919 shares of the business services provider’s stock after buying an additional 23,264 shares during the quarter. Reinhart Partners Inc.’s holdings in Insperity were worth $6,106,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Smithfield Trust Co. raised its stake in shares of Insperity by 6.0% in the third quarter. Smithfield Trust Co. now owns 1,689 shares of the business services provider’s stock valued at $167,000 after buying an additional 96 shares during the period. State of Michigan Retirement System raised its stake in shares of Insperity by 0.9% in the third quarter. State of Michigan Retirement System now owns 11,200 shares of the business services provider’s stock valued at $1,105,000 after buying an additional 100 shares during the period. Advisory Services Network LLC raised its stake in shares of Insperity by 12.9% in the second quarter. Advisory Services Network LLC now owns 903 shares of the business services provider’s stock valued at $110,000 after buying an additional 103 shares during the period. Pitcairn Co. raised its stake in shares of Insperity by 2.7% in the second quarter. Pitcairn Co. now owns 4,921 shares of the business services provider’s stock valued at $601,000 after buying an additional 128 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Insperity by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the business services provider’s stock valued at $693,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 85.01% of the company’s stock.
A number of research firms recently issued reports on NSP. Roth Capital decreased their price objective on Insperity from $147.00 to $138.00 in a research note on Tuesday, July 30th. Robert W. Baird set a $141.00 price objective on Insperity and gave the company a “buy” rating in a research note on Wednesday, August 21st. ValuEngine lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, SunTrust Banks decreased their price objective on Insperity to $128.00 and set an “accumulate” rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $135.00.
Shares of NYSE:NSP traded down $0.17 during midday trading on Friday, reaching $68.88. 922,121 shares of the company traded hands, compared to its average volume of 421,350. The company has a quick ratio of 1.19, a current ratio of 1.17 and a debt-to-equity ratio of 5.84. Insperity Inc has a 12 month low of $67.06 and a 12 month high of $144.92. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05. The firm’s fifty day moving average price is $98.21 and its two-hundred day moving average price is $110.28.
Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.26). Insperity had a net margin of 3.69% and a return on equity of 166.72%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Insperity Inc will post 3.61 earnings per share for the current year.
In related news, Director Tim Clifford acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $97.35 per share, for a total transaction of $243,375.00. Following the purchase, the director now owns 9,794 shares in the company, valued at approximately $953,445.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul J. Sarvadi sold 2,900 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $107.30, for a total value of $311,170.00. Following the sale, the chief executive officer now owns 679,878 shares in the company, valued at $72,950,909.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,153 shares of company stock worth $1,336,079. 6.86% of the stock is currently owned by corporate insiders.
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 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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