Insperity Inc (NYSE:NSP) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its stake in shares of Insperity Inc (NYSE:NSP) by 9.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,299,249 shares of the business services provider’s stock after acquiring an additional 636,273 shares during the quarter. BlackRock Inc. owned about 17.72% of Insperity worth $891,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in shares of Insperity during the 2nd quarter valued at about $31,000. Advisors Preferred LLC increased its position in Insperity by 68.8% during the 2nd quarter. Advisors Preferred LLC now owns 351 shares of the business services provider’s stock worth $44,000 after purchasing an additional 143 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Insperity during the 2nd quarter worth approximately $49,000. US Bancorp DE increased its position in Insperity by 279.1% during the 2nd quarter. US Bancorp DE now owns 436 shares of the business services provider’s stock worth $53,000 after purchasing an additional 321 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Insperity during the 2nd quarter worth approximately $79,000. 85.01% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Roth Capital dropped their target price on shares of Insperity from $147.00 to $138.00 in a research report on Tuesday, July 30th. SunTrust Banks dropped their target price on shares of Insperity to $128.00 and set an “accumulate” rating for the company in a research report on Tuesday. Finally, Robert W. Baird set a $141.00 target price on shares of Insperity and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Insperity has a consensus rating of “Buy” and a consensus target price of $135.00.

In other Insperity news, CEO Paul J. Sarvadi sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $107.30, for a total value of $311,170.00. Following the completion of the transaction, the chief executive officer now owns 679,878 shares in the company, valued at approximately $72,950,909.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jay E. Mincks sold 2,618 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $95.00, for a total value of $248,710.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,153 shares of company stock valued at $1,336,079. 6.86% of the stock is owned by company insiders.

NSP opened at $68.88 on Friday. The firm has a 50 day moving average price of $98.21 and a 200 day moving average price of $110.28. The company has a market cap of $2.83 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05. Insperity Inc has a 1 year low of $67.06 and a 1 year high of $144.92. The company has a debt-to-equity ratio of 5.84, a quick ratio of 1.19 and a current ratio of 1.17.

Insperity (NYSE:NSP) last posted its earnings results on Monday, November 4th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.26). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Insperity had a return on equity of 166.72% and a net margin of 3.69%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. On average, sell-side analysts predict that Insperity Inc will post 3.61 earnings per share for the current year.

About Insperity

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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