Russell Investments Group Ltd. cut its position in Insperity Inc (NYSE:NSP) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,056 shares of the business services provider’s stock after selling 24,725 shares during the period. Russell Investments Group Ltd. owned 0.36% of Insperity worth $17,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of NSP. Advisors Preferred LLC lifted its stake in shares of Insperity by 54.3% in the 3rd quarter. Advisors Preferred LLC now owns 3,254 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 1,145 shares during the last quarter. Reinhart Partners Inc. lifted its stake in shares of Insperity by 5.8% in the 3rd quarter. Reinhart Partners Inc. now owns 35,150 shares of the business services provider’s stock valued at $4,146,000 after purchasing an additional 1,940 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Insperity by 44.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 220,954 shares of the business services provider’s stock valued at $26,061,000 after purchasing an additional 68,274 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Insperity by 2.6% in the 3rd quarter. First Trust Advisors LP now owns 58,138 shares of the business services provider’s stock valued at $6,857,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Capital Impact Advisors LLC lifted its stake in shares of Insperity by 4.7% in the 3rd quarter. Capital Impact Advisors LLC now owns 24,319 shares of the business services provider’s stock valued at $2,809,000 after purchasing an additional 1,084 shares during the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.
NSP stock opened at $118.69 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $4.74 billion, a P/E ratio of 58.18, a PEG ratio of 1.88 and a beta of 0.90. Insperity Inc has a 12-month low of $52.17 and a 12-month high of $121.15.
In related news, Director Richard G. Rawson sold 40,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $115.11, for a total value of $4,604,400.00. Following the sale, the director now owns 126,055 shares in the company, valued at approximately $14,510,191.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur A. Arizpe sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $113.00, for a total value of $565,000.00. The disclosure for this sale can be found here. Insiders sold a total of 100,769 shares of company stock worth $11,568,504 in the last quarter. Company insiders own 9.58% of the company’s stock.
Several equities analysts have recently commented on NSP shares. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Tuesday, August 7th. Robert W. Baird upped their price target on Insperity from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. First Analysis reiterated an “equal weight” rating on shares of Insperity in a report on Thursday, August 2nd. Finally, Roth Capital boosted their price objective on Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Insperity presently has an average rating of “Buy” and a consensus target price of $110.80.
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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 encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
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