Hancock Whitney Corp lowered its stake in shares of Insperity Inc (NYSE:NSP) by 33.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,432 shares of the business services provider’s stock after selling 20,789 shares during the quarter. Hancock Whitney Corp’s holdings in Insperity were worth $3,565,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Reinhart Partners Inc. boosted its holdings in Insperity by 60.2% during the third quarter. Reinhart Partners Inc. now owns 61,919 shares of the business services provider’s stock worth $6,106,000 after buying an additional 23,264 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Insperity by 3.4% during the third quarter. Texas Permanent School Fund now owns 26,351 shares of the business services provider’s stock worth $2,599,000 after buying an additional 872 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Insperity by 3.1% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 11,039 shares of the business services provider’s stock worth $1,089,000 after buying an additional 332 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Insperity by 16.2% during the third quarter. California Public Employees Retirement System now owns 85,767 shares of the business services provider’s stock worth $8,458,000 after buying an additional 11,953 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Insperity by 4.7% during the second quarter. Morgan Stanley now owns 48,949 shares of the business services provider’s stock worth $5,978,000 after buying an additional 2,199 shares during the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
In other news, EVP Jay E. Mincks sold 2,000 shares of Insperity stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $84.00, for a total transaction of $168,000.00. Following the transaction, the executive vice president now owns 59,672 shares in the company, valued at approximately $5,012,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.86% of the company’s stock.
NYSE:NSP opened at $73.03 on Friday. Insperity Inc has a fifty-two week low of $65.89 and a fifty-two week high of $144.92. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $3.46 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The business’s 50-day simple moving average is $88.53 and its 200-day simple moving average is $91.79.
Insperity (NYSE:NSP) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Insperity had a return on equity of 166.72% and a net margin of 3.69%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. On average, research analysts expect that Insperity Inc will post 3.59 earnings per share for the current year.
NSP has been the topic of a number of recent analyst reports. Robert W. Baird cut Insperity from an “outperform” rating to a “neutral” rating in a report on Wednesday. SunTrust Banks reduced their target price on Insperity from $128.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $131.00.
Insperity Company 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.
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