Renaissance Technologies LLC Decreases Stake in Insperity Inc (NSP)

Renaissance Technologies LLC reduced its position in shares of Insperity Inc (NYSE:NSP) by 32.3% during the fourth quarter, Holdings Channel reports. The firm owned 153,900 shares of the company’s stock after selling 73,500 shares during the period. Renaissance Technologies LLC’s holdings in Insperity were worth $10,919,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NSP. Quantbot Technologies LP bought a new stake in shares of Insperity during the third quarter worth approximately $109,000. US Bancorp DE boosted its stake in shares of Insperity by 1,668.8% in the third quarter. US Bancorp DE now owns 1,698 shares of the company’s stock worth $123,000 after buying an additional 1,602 shares during the period. BlackRock Japan Co. Ltd boosted its stake in shares of Insperity by 14.5% in the third quarter. BlackRock Japan Co. Ltd now owns 2,372 shares of the company’s stock worth $172,000 after buying an additional 300 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Insperity during the fourth quarter worth approximately $170,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of Insperity during the third quarter worth approximately $218,000. 83.11% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

Shares of Insperity Inc (NYSE:NSP) opened at 89.00 on Tuesday. The company’s 50-day moving average price is $81.35 and its 200-day moving average price is $73.97. Insperity Inc has a 1-year low of $50.61 and a 1-year high of $90.55. The company has a market capitalization of $1.87 billion, a PE ratio of 28.80 and a beta of 0.83.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Insperity had a return on equity of 100.38% and a net margin of 2.22%. The firm had revenue of $729.10 million for the quarter, compared to analyst estimates of $732 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts expect that Insperity Inc will post $4.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Monday, March 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, March 2nd. Insperity’s payout ratio is 32.36%.

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A number of research firms recently issued reports on NSP. Roth Capital cut Insperity from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 14th. Robert W. Baird reissued an “outperform” rating and set a $92.00 target price (up from $74.00) on shares of Insperity in a research note on Thursday, February 16th. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Monday, February 20th. Finally, First Analysis raised Insperity from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $84.00 to $98.00 in a research note on Monday, February 13th.

In other news, Director Austin P. Young sold 5,000 shares of Insperity stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $84.29, for a total transaction of $421,450.00. Following the sale, the director now directly owns 14,437 shares of the company’s stock, valued at $1,216,894.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter A. Feld sold 75,000 shares of Insperity stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $83.53, for a total value of $6,264,750.00. Following the sale, the director now directly owns 4,841 shares in the company, valued at $404,368.73. The disclosure for this sale can be found here. Insiders have sold 162,263 shares of company stock worth $13,261,001 over the last three months. Insiders own 27.47% of the company’s stock.

About Insperity

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).

5 Day Chart for NYSE:NSP

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