Rothschild Asset Management Inc. Decreases Holdings in Insperity (NSP)

Rothschild Asset Management Inc. reduced its stake in Insperity (NYSE:NSP) by 3.9% in the first quarter, HoldingsChannel.com reports. The fund owned 814,263 shares of the business services provider’s stock after selling 32,619 shares during the quarter. Insperity accounts for 0.6% of Rothschild Asset Management Inc.’s portfolio, making the stock its 28th biggest position. Rothschild Asset Management Inc.’s holdings in Insperity were worth $56,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in Insperity in the first quarter valued at approximately $661,000. Thrivent Financial for Lutherans boosted its stake in Insperity by 7.3% in the first quarter. Thrivent Financial for Lutherans now owns 24,840 shares of the business services provider’s stock valued at $1,728,000 after acquiring an additional 1,684 shares during the period. Engineers Gate Manager LP acquired a new position in Insperity in the first quarter valued at approximately $1,587,000. Mawer Investment Management Ltd. boosted its stake in Insperity by 5.3% in the first quarter. Mawer Investment Management Ltd. now owns 632,000 shares of the business services provider’s stock valued at $43,956,000 after acquiring an additional 31,800 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Insperity by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 300,657 shares of the business services provider’s stock valued at $20,911,000 after acquiring an additional 9,693 shares during the period. Institutional investors own 82.88% of the company’s stock.

In related news, Chairman Paul J. Sarvadi sold 90,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $81.65, for a total transaction of $7,348,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Richard G. Rawson sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $64.12, for a total value of $2,885,400.00. Following the sale, the president now directly owns 152,319 shares in the company, valued at approximately $9,766,694.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 234,933 shares of company stock worth $18,422,597. Corporate insiders own 9.58% of the company’s stock.

A number of equities analysts have commented on NSP shares. SunTrust Banks lifted their target price on Insperity to $85.00 and gave the company a “hold” rating in a research note on Tuesday, May 1st. ValuEngine raised Insperity from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Zacks Investment Research cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Robert W. Baird lifted their price target on Insperity from $69.00 to $95.00 and gave the company an “outperform” rating in a report on Monday. Finally, Roth Capital lifted their price target on Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.75.

NSP opened at $87.40 on Wednesday. The company has a market cap of $3.65 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. Insperity has a twelve month low of $86.30 and a twelve month high of $87.95.

Insperity (NYSE:NSP) last released its quarterly earnings results on Monday, April 30th. The business services provider reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.27. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.24 million. Insperity had a return on equity of 122.34% and a net margin of 2.87%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. analysts anticipate that Insperity will post 3.17 earnings per share for the current year.

About Insperity

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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