Prudential Financial Inc. boosted its position in shares of Insperity, Inc. (NYSE:NSP) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,410 shares of the business services provider’s stock after acquiring an additional 33,699 shares during the quarter. Prudential Financial Inc. owned 2.01% of Insperity worth $36,908,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in NSP. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Insperity in the 3rd quarter valued at about $42,234,000. Renaissance Technologies LLC raised its position in shares of Insperity by 97.8% during the 2nd quarter. Renaissance Technologies LLC now owns 316,633 shares of the business services provider’s stock worth $22,481,000 after acquiring an additional 156,549 shares in the last quarter. BlackRock Inc. raised its position in shares of Insperity by 4.7% during the 2nd quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock worth $208,390,000 after acquiring an additional 131,500 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Insperity by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock worth $190,691,000 after acquiring an additional 111,896 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Insperity by 5,421.6% during the 3rd quarter. Victory Capital Management Inc. now owns 79,787 shares of the business services provider’s stock worth $7,022,000 after acquiring an additional 78,342 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.
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In related news, Director Jon Craig Goodwin purchased 200,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average cost of $0.18 per share, for a total transaction of $36,000.00. Also, EVP Arthur A. Arizpe sold 2,800 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $86.65, for a total value of $242,620.00. Following the sale, the executive vice president now owns 20,853 shares in the company, valued at $1,806,912.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 590,667 shares of company stock valued at $106,280 and have sold 334,025 shares valued at $11,568,737. Corporate insiders own 13.92% of the company’s stock.
Insperity, Inc. (NYSE NSP) opened at $108.00 on Tuesday. The company has a market capitalization of $2,213.51, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.50 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16. Insperity, Inc. has a 12 month low of $69.20 and a 12 month high of $108.43.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.16. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. equities analysts predict that Insperity, Inc. will post 3.94 EPS for the current fiscal year.
NSP has been the topic of several research analyst reports. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. BidaskClub raised Insperity from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $110.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $112.00 price target on shares of Insperity in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $101.20.
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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