Wedge Capital Management L L P NC lowered its position in shares of Insperity Inc (NYSE:NSP) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,695 shares of the business services provider’s stock after selling 379 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Insperity were worth $581,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Brasada Capital Management LP bought a new position in Insperity in the 4th quarter worth $29,000. Ffcm LLC bought a new position in Insperity in the 4th quarter worth $34,000. Bremer Trust National Association bought a new position in Insperity in the 4th quarter worth $48,000. Quantamental Technologies LLC bought a new position in Insperity in the 4th quarter worth $65,000. Finally, Meeder Asset Management Inc. bought a new position in Insperity in the 4th quarter worth $97,000. 81.32% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on NSP. SunTrust Banks upped their price objective on shares of Insperity to $129.00 and gave the stock a “hold” rating in a report on Tuesday, February 12th. Roth Capital upped their price objective on shares of Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $126.40.
Shares of Insperity stock traded up $2.14 during trading on Thursday, hitting $115.69. The company’s stock had a trading volume of 652 shares, compared to its average volume of 351,638. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.48 and a beta of 1.04. Insperity Inc has a 52 week low of $86.63 and a 52 week high of $132.50.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.10. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Insperity had a net margin of 4.06% and a return on equity of 138.18%. Insperity’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. On average, equities analysts anticipate that Insperity Inc will post 4.19 EPS for the current year.
In related news, EVP Arthur A. Arizpe sold 8,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $130.00, for a total value of $1,040,000.00. Following the completion of the transaction, the executive vice president now directly owns 42,633 shares in the company, valued at approximately $5,542,290. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas S. Sharp sold 2,359 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $130.04, for a total transaction of $306,764.36. Following the completion of the transaction, the chief financial officer now owns 38,622 shares of the company’s stock, valued at $5,022,404.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,952 shares of company stock valued at $10,228,518. 6.86% of the stock is owned by company insiders.
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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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