Prudential Financial Inc. increased its stake in Insperity Inc (NYSE:NSP) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 687,642 shares of the business services provider’s stock after purchasing an additional 26,908 shares during the period. Prudential Financial Inc. owned approximately 1.64% of Insperity worth $64,199,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Insperity by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,460 shares of the business services provider’s stock worth $230,000 after purchasing an additional 238 shares during the period. Brasada Capital Management LP purchased a new stake in Insperity during the 4th quarter valued at $29,000. Chesapeake Wealth Management boosted its position in Insperity by 8.3% during the 4th quarter. Chesapeake Wealth Management now owns 5,296 shares of the business services provider’s stock valued at $494,000 after buying an additional 406 shares during the period. Reinhart Partners Inc. boosted its position in Insperity by 1.3% during the 4th quarter. Reinhart Partners Inc. now owns 35,620 shares of the business services provider’s stock valued at $3,325,000 after buying an additional 470 shares during the period. Finally, LPL Financial LLC boosted its position in Insperity by 20.0% during the 3rd quarter. LPL Financial LLC now owns 3,060 shares of the business services provider’s stock valued at $361,000 after buying an additional 510 shares during the period. Institutional investors own 83.50% of the company’s stock.
In other news, SVP Daniel D. Herink sold 2,354 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $130.13, for a total transaction of $306,326.02. Following the transaction, the senior vice president now owns 44,576 shares in the company, valued at $5,800,674.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James D. Allison sold 2,000 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now owns 26,087 shares in the company, valued at approximately $3,260,875. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,257 shares of company stock worth $13,487,314. Corporate insiders own 9.58% of the company’s stock.
NSP stock traded up $0.31 during mid-day trading on Thursday, reaching $128.34. 62,211 shares of the stock traded hands, compared to its average volume of 406,357. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.86. Insperity Inc has a one year low of $64.25 and a one year high of $132.50. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Monday, February 11th. The business services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. The business had revenue of $966.80 million for the quarter, compared to analysts’ expectations of $959.22 million. Insperity had a net margin of 3.52% and a return on equity of 126.19%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities research analysts expect that Insperity Inc will post 4.1 EPS for the current year.
Several brokerages have weighed in on NSP. Roth Capital increased their price target on shares of Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday. SunTrust Banks increased their price target on shares of Insperity to $129.00 and gave the stock a “hold” rating in a research note on Tuesday, February 12th. Zacks Investment Research lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Robert W. Baird raised their price objective on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Insperity has an average rating of “Buy” and a consensus price target of $123.80.
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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 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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