IndexIQ Advisors LLC Increases Holdings in Insperity, Inc. (NSP)

IndexIQ Advisors LLC lifted its position in Insperity, Inc. (NYSE:NSP) by 83.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,776 shares of the company’s stock after purchasing an additional 4,450 shares during the period. IndexIQ Advisors LLC’s holdings in Insperity were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NSP. Victory Capital Management Inc. increased its stake in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the company’s stock worth $103,000 after purchasing an additional 217 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Insperity by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the company’s stock worth $114,000 after purchasing an additional 252 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Insperity by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $216,000 after purchasing an additional 465 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Insperity by 29.3% in the third quarter. LS Investment Advisors LLC now owns 2,527 shares of the company’s stock worth $222,000 after purchasing an additional 573 shares in the last quarter. Finally, Albion Financial Group UT increased its stake in shares of Insperity by 1.8% in the second quarter. Albion Financial Group UT now owns 3,358 shares of the company’s stock worth $238,000 after purchasing an additional 60 shares in the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $112.00 price objective on shares of Insperity in a research note on Friday. BidaskClub cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $110.00 price objective on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$101.20.

In related news, Director Dave Eto bought 166,667 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was purchased at an average price of C$0.18 per share, for a total transaction of C$30,000.06. Also, Director Jon Craig Goodwin bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average price of C$0.18 per share, with a total value of C$36,000.00. In the last 90 days, insiders have purchased 590,667 shares of company stock valued at $106,280 and have sold 327,025 shares valued at $10,766,557. 27.47% of the stock is currently owned by corporate insiders.

Insperity, Inc. (NYSE:NSP) opened at C$106.20 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a 12-month low of C$69.20 and a 12-month high of C$106.95. The firm has a market cap of $2,213.53, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.50 and a beta of 0.82.

Insperity (NYSE:NSP) last issued its earnings results on Wednesday, November 1st. The company reported C$1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.98 by C$0.16. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm had revenue of C$795.50 million during the quarter, compared to analyst estimates of C$786.44 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. Insperity’s revenue for the quarter was up 13.2% on a year-over-year basis. analysts expect that Insperity, Inc. will post 3.94 EPS for the current year.

WARNING: This story was reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/11/12/indexiq-advisors-llc-increases-holdings-in-insperity-inc-nsp.html.

About Insperity

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-based human capital management platform, the Employee Service Center (ESC).

Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity, Inc. (NYSE:NSP).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

Receive News & Ratings for Insperity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply