Public Employees Retirement System of Ohio Sells 2,182 Shares of Insperity, Inc. (NYSE:NSP)

Public Employees Retirement System of Ohio reduced its stake in shares of Insperity, Inc. (NYSE:NSP) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,055 shares of the business services provider’s stock after selling 2,182 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of Insperity worth $1,867,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NSP. Sawgrass Asset Management LLC increased its stake in Insperity by 119.0% in the first quarter. Sawgrass Asset Management LLC now owns 8,585 shares of the business services provider’s stock worth $761,000 after buying an additional 4,665 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Insperity by 7.9% in the first quarter. Acadian Asset Management LLC now owns 212,076 shares of the business services provider’s stock valued at $18,799,000 after buying an additional 15,580 shares during the last quarter. Northwest Investment Counselors LLC boosted its stake in shares of Insperity by 1.2% in the first quarter. Northwest Investment Counselors LLC now owns 13,282 shares of the business services provider’s stock valued at $1,177,000 after buying an additional 157 shares during the last quarter. Simplex Trading LLC boosted its stake in shares of Insperity by 8,329.3% in the first quarter. Simplex Trading LLC now owns 4,889 shares of the business services provider’s stock valued at $433,000 after buying an additional 4,831 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

Insperity, Inc. (NYSE NSP) opened at 82.40 on Friday. The company has a market cap of $1.72 billion, a PE ratio of 23.86 and a beta of 0.76. Insperity, Inc. has a 1-year low of $64.55 and a 1-year high of $93.65. The stock’s 50 day moving average price is $75.30 and its 200-day moving average price is $80.25.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $778.88 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current year.

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Several equities research analysts have weighed in on NSP shares. BidaskClub raised Insperity from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut Insperity from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Insperity has an average rating of “Buy” and a consensus target price of $94.00.

In related news, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total value of $4,331,940.00. Following the sale, the president now directly owns 128,868 shares in the company, valued at approximately $10,946,047.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John M. Morphy sold 500 shares of Insperity stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total transaction of $41,925.00. Following the completion of the sale, the director now owns 1,887 shares in the company, valued at $158,224.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,575 shares of company stock worth $6,913,786. Insiders own 27.47% of the company’s stock.

Insperity Company Profile

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).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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