Insperity Inc (NSP) Shares Bought by Credit Suisse AG

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Credit Suisse AG boosted its holdings in Insperity Inc (NYSE:NSP) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,071 shares of the business services provider’s stock after acquiring an additional 26,694 shares during the quarter. Credit Suisse AG owned 0.25% of Insperity worth $12,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in shares of Insperity by 9.3% during the 3rd quarter. BlackRock Inc. now owns 6,713,435 shares of the business services provider’s stock valued at $791,849,000 after purchasing an additional 573,982 shares during the last quarter. FMR LLC increased its position in shares of Insperity by 118.6% during the 2nd quarter. FMR LLC now owns 991,464 shares of the business services provider’s stock valued at $94,437,000 after purchasing an additional 537,846 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Insperity by 10.5% during the 2nd quarter. Renaissance Technologies LLC now owns 649,900 shares of the business services provider’s stock valued at $61,903,000 after purchasing an additional 61,800 shares during the last quarter. Northern Trust Corp increased its position in shares of Insperity by 8.6% during the 2nd quarter. Northern Trust Corp now owns 503,969 shares of the business services provider’s stock valued at $48,003,000 after purchasing an additional 39,808 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Insperity by 28.7% during the 3rd quarter. Acadian Asset Management LLC now owns 409,695 shares of the business services provider’s stock valued at $48,322,000 after purchasing an additional 91,473 shares during the last quarter. Institutional investors and hedge funds own 83.35% of the company’s stock.

In other Insperity news, EVP Jay E. Mincks sold 1,042 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $108.62, for a total value of $113,182.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $116.61, for a total value of $3,498,300.00. Following the completion of the sale, the chairman now owns 598,962 shares of the company’s stock, valued at approximately $69,844,958.82. The disclosure for this sale can be found here. Insiders have sold a total of 35,742 shares of company stock valued at $4,156,509 over the last 90 days. 9.58% of the stock is currently owned by company insiders.

Shares of NSP stock opened at $94.24 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of 46.20, a P/E/G ratio of 1.62 and a beta of 0.93. Insperity Inc has a 1-year low of $55.40 and a 1-year high of $121.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.21 and a quick ratio of 1.21.

Insperity (NYSE:NSP) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.14. The company had revenue of $925.13 million during the quarter, compared to analysts’ expectations of $935.62 million. Insperity had a return on equity of 123.25% and a net margin of 3.41%. Insperity’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. As a group, equities research analysts expect that Insperity Inc will post 3.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Thursday, December 13th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, December 12th. Insperity’s dividend payout ratio is presently 39.22%.

Several brokerages have recently commented on NSP. Zacks Investment Research reiterated a “strong-buy” rating and set a $127.00 price objective on shares of Insperity in a research report on Wednesday, November 14th. Robert W. Baird increased their price objective on Insperity from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.40.

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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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