Northwestern Mutual Investment Management Company LLC raised its holdings in Insperity Inc (NYSE:NSP) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,039 shares of the business services provider’s stock after acquiring an additional 332 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Insperity were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Insperity in the second quarter valued at about $31,000. Advisors Preferred LLC grew its stake in Insperity by 68.8% in the second quarter. Advisors Preferred LLC now owns 351 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 143 shares during the period. Valeo Financial Advisors LLC acquired a new position in Insperity in the second quarter valued at about $49,000. US Bancorp DE grew its stake in Insperity by 279.1% in the second quarter. US Bancorp DE now owns 436 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 321 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Insperity in the second quarter valued at about $79,000. 87.72% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Tim Clifford purchased 2,500 shares of Insperity stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $97.35 per share, with a total value of $243,375.00. Following the completion of the transaction, the director now owns 9,794 shares of the company’s stock, valued at approximately $953,445.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jay E. Mincks sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $70.09, for a total value of $210,270.00. The disclosure for this sale can be found here. Insiders have sold 14,535 shares of company stock valued at $1,297,639 over the last three months. Insiders own 6.86% of the company’s stock.
Shares of NSP stock traded up $1.33 on Friday, hitting $72.90. 620,773 shares of the stock were exchanged, compared to its average volume of 873,948. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $2.81 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05. The business has a 50-day moving average of $94.78 and a 200 day moving average of $108.72. Insperity Inc has a fifty-two week low of $67.06 and a fifty-two week high of $144.92.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Monday, November 4th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.26). Insperity had a net margin of 3.69% and a return on equity of 166.72%. The company 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 posted $0.96 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Insperity Inc will post 3.59 EPS for the current fiscal year.
A number of research analysts have issued reports on NSP shares. ValuEngine cut Insperity from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. SunTrust Banks reduced their price objective on Insperity to $128.00 and set an “accumulate” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird set a $141.00 price objective on Insperity and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Roth Capital reduced their price objective on Insperity from $147.00 to $138.00 in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Insperity presently has a consensus rating of “Buy” and a consensus target price of $135.00.
Insperity Company Profile
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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