Convergence Investment Partners LLC decreased its holdings in shares of Insperity Inc (NYSE:NSP) by 23.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 13,366 shares of the business services provider’s stock after selling 4,080 shares during the period. Convergence Investment Partners LLC’s holdings in Insperity were worth $1,653,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brasada Capital Management LP acquired a new position in Insperity during the fourth quarter worth $29,000. Ffcm LLC acquired a new position in Insperity during the fourth quarter worth $34,000. Bremer Trust National Association acquired a new position in Insperity during the fourth quarter worth $48,000. Quantamental Technologies LLC acquired a new position in Insperity during the fourth quarter worth $65,000. Finally, Meeder Asset Management Inc. acquired a new position in Insperity during the fourth quarter worth $97,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.
Several research firms have weighed in on NSP. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Thursday, May 2nd. Roth Capital upped their price objective on shares of Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. SunTrust Banks upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Insperity presently has a consensus rating of “Buy” and a consensus target price of $126.40.
Insperity (NYSE:NSP) last announced its earnings results on Monday, April 29th. The business services provider reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.10. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Insperity had a net margin of 4.06% and a return on equity of 138.18%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. On average, equities research analysts anticipate that Insperity Inc will post 4.19 earnings per share for the current fiscal year.
In other news, SVP James D. Allison sold 2,000 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the senior vice president now owns 26,087 shares in the company, valued at $3,260,875. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jay E. Mincks sold 7,998 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $127.49, for a total transaction of $1,019,665.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,496 shares of company stock valued at $23,102,742. 9.58% of the stock is currently owned by corporate insiders.
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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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