GSA Capital Partners LLP Has $310,000 Position in Insperity Inc (NSP)
GSA Capital Partners LLP trimmed its stake in shares of Insperity Inc (NYSE:NSP) by 74.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,522 shares of the business services provider’s stock after selling 10,165 shares during the quarter. GSA Capital Partners LLP’s holdings in Insperity were worth $310,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Insperity by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 217 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Insperity by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 252 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Insperity by 78.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock worth $134,000 after acquiring an additional 707 shares during the last quarter. Amalgamated Bank bought a new position in Insperity in the 3rd quarter worth about $220,000. Finally, LS Investment Advisors LLC increased its stake in Insperity by 29.3% in the 3rd quarter. LS Investment Advisors LLC now owns 2,527 shares of the business services provider’s stock worth $222,000 after acquiring an additional 573 shares during the last quarter. Institutional investors own 40.11% of the company’s stock.
In other news, SVP Daniel D. Herink sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total value of $409,560.00. Following the completion of the transaction, the senior vice president now directly owns 15,014 shares in the company, valued at approximately $1,537,283.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon Craig Goodwin acquired 200,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was purchased at an average price of $0.18 per share, with a total value of $36,000.00. Over the last 90 days, insiders acquired 586,667 shares of company stock worth $105,600 and sold 215,118 shares worth $14,193,295. 13.92% of the stock is owned by corporate insiders.
Insperity Inc (NYSE NSP) opened at $61.25 on Tuesday. The firm has a market capitalization of $2,440.00, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity Inc has a one year low of $34.60 and a one year high of $61.47.
Insperity (NYSE:NSP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $795.50 million for the quarter, compared to analyst estimates of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. equities analysts predict that Insperity Inc will post 2.01 earnings per share for the current fiscal year.
Insperity declared that its board has initiated a share repurchase program on Thursday, November 16th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were paid a $0.30 dividend. The ex-dividend date was Friday, December 1st. Insperity’s dividend payout ratio is currently 32.26%.
A number of equities analysts have weighed in on NSP shares. SunTrust Banks restated a “hold” rating and issued a $55.00 target price on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and issued a $56.00 target price on shares of Insperity in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered 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 assigned a buy rating to the company. Insperity presently has an average rating of “Hold” and a consensus target price of $50.60.
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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).
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