Thrivent Financial For Lutherans Cuts Position in Insperity, Inc. (NSP)

Thrivent Financial For Lutherans decreased its stake in shares of Insperity, Inc. (NYSE:NSP) by 75.1% during the first quarter, Holdings Channel reports. The institutional investor owned 10,480 shares of the business services provider’s stock after selling 31,590 shares during the period. Thrivent Financial For Lutherans’ holdings in Insperity were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares in the last quarter. First National Bank of Hutchinson boosted its position in shares of Insperity by 2.6% in the first quarter. First National Bank of Hutchinson now owns 6,150 shares of the business services provider’s stock valued at $545,000 after buying an additional 154 shares in the last quarter. Northwest Investment Counselors LLC boosted its position in shares of Insperity by 1.2% in the first quarter. Northwest Investment Counselors LLC now owns 13,282 shares of the business services provider’s stock valued at $1,177,000 after buying an additional 157 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of Insperity by 5.6% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the business services provider’s stock valued at $387,000 after buying an additional 233 shares in the last quarter. 81.59% of the stock is owned by institutional investors.

Shares of Insperity, Inc. (NYSE:NSP) opened at 71.80 on Monday. The firm’s 50-day moving average is $76.73 and its 200 day moving average is $79.39. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.17 and a beta of 0.75. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65.

Insperity (NYSE:NSP) last released its earnings results on Monday, May 1st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.02. The company had revenue of $882.66 million during the quarter, compared to analyst estimates of $887.37 million. Insperity had a net margin of 2.26% and a return on equity of 94.46%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. Equities analysts expect that Insperity, Inc. will post $4.33 EPS for the current year.

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Several equities analysts recently commented on the stock. BidaskClub cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $94.00.

In related news, SVP Douglas S. Sharp sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $87.97, for a total value of $175,940.00. Following the completion of the sale, the senior vice president now directly owns 14,402 shares of the company’s stock, valued at approximately $1,266,943.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Feld sold 69,365 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $87.44, for a total transaction of $6,065,275.60. Following the completion of the sale, the director now directly owns 5,041 shares of the company’s stock, valued at $440,785.04. The disclosure for this sale can be found here. Insiders sold a total of 77,365 shares of company stock valued at $6,784,996 over the last three months. 27.47% of the stock is currently owned by insiders.

Insperity Company Profile

Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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