Louisiana State Employees Retirement System decreased its position in Insperity Inc (NYSE:NSP) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,600 shares of the business services provider’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Insperity were worth $1,259,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in NSP. Norges Bank acquired a new stake in shares of Insperity in the fourth quarter valued at $62,035,000. Marshall Wace LLP acquired a new stake in shares of Insperity in the first quarter valued at $73,521,000. BlackRock Inc. lifted its holdings in shares of Insperity by 9.8% in the first quarter. BlackRock Inc. now owns 6,662,976 shares of the business services provider’s stock valued at $823,944,000 after buying an additional 594,431 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Insperity by 870.6% in the first quarter. SG Americas Securities LLC now owns 96,338 shares of the business services provider’s stock valued at $11,913,000 after buying an additional 86,412 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Insperity in the first quarter valued at $7,359,000. Institutional investors and hedge funds own 83.93% of the company’s stock.
Several brokerages have recently weighed in on NSP. ValuEngine lowered Insperity from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Thursday, May 2nd. Roth Capital cut their target price on Insperity from $147.00 to $138.00 in a research report on Tuesday, July 30th. 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 four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $131.25.
NYSE:NSP opened at $90.07 on Friday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.30 and a beta of 1.01. Insperity Inc has a 1-year low of $86.63 and a 1-year high of $144.92. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average price is $119.78 and its 200 day moving average price is $120.81.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Insperity had a return on equity of 136.63% and a net margin of 4.04%. Insperity’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Equities analysts forecast that Insperity Inc will post 4.09 earnings per share for the current year.
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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