First National Bank of Hutchinson lowered its stake in shares of Insperity Inc (NYSE:NSP) by 36.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,203 shares of the business services provider’s stock after selling 2,940 shares during the period. First National Bank of Hutchinson’s holdings in Insperity were worth $567,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NSP. Geode Capital Management LLC grew its holdings in Insperity by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 591,383 shares of the business services provider’s stock valued at $55,211,000 after purchasing an additional 30,939 shares during the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Insperity during the first quarter valued at $2,537,000. Sciencast Management LP acquired a new stake in shares of Insperity during the first quarter valued at $650,000. Meeder Asset Management Inc. boosted its stake in shares of Insperity by 75.3% during the first quarter. Meeder Asset Management Inc. now owns 1,816 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 780 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Insperity during the first quarter valued at $490,000. 82.40% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. ValuEngine lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Roth Capital decreased their price objective on Insperity from $147.00 to $138.00 in a research note on Tuesday, July 30th. SunTrust Banks raised Insperity from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $131.25.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. Insperity had a return on equity of 136.63% and a net margin of 4.04%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.68 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, research analysts forecast that Insperity Inc will post 4.09 earnings per share for the current fiscal year.
In other Insperity news, Director Austin P. Young sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $120.97, for a total value of $362,910.00. Following the sale, the director now directly owns 21,616 shares of the company’s stock, valued at approximately $2,614,887.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Arthur A. Arizpe sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $134.00, for a total value of $670,000.00. Following the completion of the sale, the insider now directly owns 37,633 shares in the company, valued at $5,042,822. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,000 shares of company stock worth $3,513,210. 6.86% of the stock is owned by corporate insiders.
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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