Finally, Synovus Financial Corp increased its position in shares of Insperity by 0.5% in the second quarter.
Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 9,201 shares of the stock in a transaction that occurred on Thursday, November 2nd. Alps Advisors Inc. now owns 5,868 shares of the business services provider's stock worth $417,000 after acquiring an additional 86 shares during the last quarter.
A number of other institutional investors have also recently modified their holdings of NSP. Victory Capital Management Inc. now owns 1,445 shares of the business services provider's stock worth $103,000 after buying an additional 217 shares during the last quarter. Insperity's quarterly revenue was up 13.2% on a year-over-year basis. Short shares grew from 190,534 to 238,615 over that period. Suntrust Banks Inc. boosted its stake in Insperity by 1.6% in the second quarter. The value of the investment in (NSP) increased from $831,000 to $1,145,000 a change of $314,000 since the last quarter. State Street Corp lifted its stake in Insperity by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider's stock worth $134,000 after buying an additional 707 shares during the last quarter. Finally, Credit Suisse AG raised its holdings in Insperity by 88.2% during the first quarter. PineBridge Investments L.P. now owns 2,061 shares of the company's stock valued at $159,000 after buying an additional 87 shares during the last quarter. Northwest Counselors Ltd holds 0.43% of its portfolio in Insperity Inc (NYSE:NSP) for 13,287 shares. (NYSE:NSP) traded up $3.75 on Friday, hitting $114.45. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16. Insperity, Inc. has a 1-year low of $69.20 and a 1-year high of $115.75.
In the market the company is trading up from yesterday's close of 110.7. Investors of record on Thursday, December 1st will be paid a $0.25 dividend. The newly created shares will be payable to shareholders after the closing bell on Friday, December 15th.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, November 1st. Analysts expect that Insperity Inc. will post $3.56 EPS for the current fiscal year. Insperity had a return on equity of 67.31% and a net margin of 2.18%. The business earned $702.50 million during the quarter, compared to the consensus estimate of $710.30 million. During the same quarter past year, the company earned $0.78 earnings per share.
This article was originally published by and is the sole property of Zolmax. The original version of this news story can be viewed at https://weekherald.com/2017/11/17/daniel-d-herink-sells-4000-shares-of-insperity-inc-nsp-stock.html.
A number of research firms have weighed in on NSP. Robert W. Baird reissued a "buy" rating and issued a $112.00 price objective on shares of Insperity in a research note on Friday, November 10th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Insperity from a "hold" rating to a "buy" rating and set a $94.00 target price for the company in a report on Monday, August 7th. BidaskClub cut shares of Insperity from a "hold" rating to a "sell" rating in a report on Friday, August 18th. The stock of Insperity Inc (NYSE:NSP) earned "Buy" rating by Roth Capital on Tuesday, August 1. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. The stock of Insperity Inc (NYSE:NSP) has "Hold" rating given on Wednesday, October 18 by SunTrust. The shares were sold at an average price of $105.22, for a total value of $1,052,200.00. Following the completion of the transaction, the senior vice president now owns 15,014 shares in the company, valued at approximately $1,537,283.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Strs Ohio invested in 11,700 shares or 0% of the stock. Qs Investors Limited Liability Company, a New York-based fund reported 83,240 shares. Insiders own 27.47% of the company's stock.
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 human capital management platform, the Employee Service Center (ESC). Ny State Common Retirement Fund holds 0% or 31,942 shares.