Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Insperity Inc (NYSE:NSP) by 14.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,104 shares of the business services provider’s stock after selling 356 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Insperity were worth $260,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Brasada Capital Management LP acquired a new stake in shares of Insperity during the 4th quarter valued at about $29,000. Ffcm LLC acquired a new stake in shares of Insperity during the 4th quarter valued at about $34,000. Bremer Trust National Association acquired a new stake in shares of Insperity during the 4th quarter valued at about $48,000. Quantamental Technologies LLC acquired a new stake in shares of Insperity during the 4th quarter valued at about $65,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Insperity during the 4th quarter valued at about $97,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.
A number of research firms have recently commented on NSP. SunTrust Banks raised their target price on Insperity to $129.00 and gave the company a “hold” rating in a research report on Tuesday, February 12th. Roth Capital lifted their price objective on Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research cut Insperity from a “strong-buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, ValuEngine upgraded Insperity from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Insperity presently has a consensus rating of “Buy” and an average target price of $126.40.
In other news, CFO Douglas S. Sharp sold 2,359 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $130.04, for a total transaction of $306,764.36. Following the transaction, the chief financial officer now directly owns 38,622 shares in the company, valued at approximately $5,022,404.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Paul J. Sarvadi sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $120.32, for a total value of $4,812,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,952 shares of company stock worth $10,228,518. 6.86% of the stock is currently owned by insiders.
NSP stock opened at $113.55 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.15 and a current ratio of 1.15. Insperity Inc has a 12-month low of $86.63 and a 12-month high of $132.50. The stock has a market capitalization of $4.61 billion, a P/E ratio of 33.69, a PEG ratio of 1.48 and a beta of 1.04.
Insperity (NYSE:NSP) last posted its quarterly earnings data 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. Insperity had a return on equity of 138.18% and a net margin of 4.06%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $1.41 EPS. Insperity’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts expect that Insperity Inc will post 4.19 earnings per share for the current year.
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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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