Pillar Pacific Capital Management LLC Trims Position in Insperity Inc (NYSE:NSP)

Pillar Pacific Capital Management LLC cut its holdings in shares of Insperity Inc (NYSE:NSP) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the business services provider’s stock after selling 300 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Insperity were worth $986,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NSP. Westside Investment Management Inc. purchased a new stake in Insperity in the second quarter worth $31,000. Advisors Preferred LLC grew its stake in Insperity by 68.8% in the second quarter. Advisors Preferred LLC now owns 351 shares of the business services provider’s stock worth $44,000 after purchasing an additional 143 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Insperity in the second quarter worth $49,000. US Bancorp DE grew its stake in Insperity by 279.1% in the second quarter. US Bancorp DE now owns 436 shares of the business services provider’s stock worth $53,000 after purchasing an additional 321 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Insperity in the second quarter worth $79,000. 85.01% of the stock is currently owned by institutional investors.

NSP has been the topic of several recent research reports. ValuEngine cut Insperity from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. SunTrust Banks dropped their target price on Insperity to $128.00 and set an “accumulate” rating on the stock in a report on Tuesday. Robert W. Baird set a $141.00 target price on Insperity and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Roth Capital dropped their target price on Insperity from $147.00 to $138.00 in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Insperity presently has an average rating of “Buy” and a consensus price target of $135.00.

Insperity stock traded up $0.52 during mid-day trading on Thursday, hitting $68.77. The company had a trading volume of 194,787 shares, compared to its average volume of 584,178. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 5.84. The stock’s 50 day moving average price is $99.44 and its two-hundred day moving average price is $110.81. Insperity Inc has a 12 month low of $67.06 and a 12 month high of $144.92. The company has a market capitalization of $2.94 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

Insperity (NYSE:NSP) last released its earnings results on Monday, November 4th. The business services provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.26). Insperity had a return on equity of 166.72% and a net margin of 3.69%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.96 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Insperity Inc will post 4.09 EPS for the current year.

In other news, CEO Paul J. Sarvadi sold 2,900 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $107.30, for a total transaction of $311,170.00. Following the transaction, the chief executive officer now directly owns 679,878 shares of the company’s stock, valued at $72,950,909.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jay E. Mincks sold 2,618 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $95.00, for a total value of $248,710.00. The disclosure for this sale can be found here. Insiders sold 14,153 shares of company stock worth $1,336,079 over the last three months. Corporate insiders own 6.86% of the company’s stock.

Insperity Profile

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.

Further Reading: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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