Insperity Inc (NSP) Stake Decreased by JPMorgan Chase & Co.

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JPMorgan Chase & Co. cut its position in shares of Insperity Inc (NYSE:NSP) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,709 shares of the business services provider’s stock after selling 174,726 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of Insperity worth $26,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSP. Macquarie Group Ltd. grew its holdings in Insperity by 53.8% in the second quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after purchasing an additional 700 shares during the period. Quantbot Technologies LP acquired a new stake in Insperity in the third quarter worth $204,000. Tower Research Capital LLC TRC grew its holdings in Insperity by 1,677.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,777 shares of the business services provider’s stock worth $209,000 after purchasing an additional 1,677 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Insperity in the third quarter worth $232,000. Finally, IFG Advisory LLC acquired a new stake in Insperity in the third quarter worth $237,000. Institutional investors own 82.84% of the company’s stock.

NSP has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research reiterated a “strong-buy” rating and set a $127.00 price objective on shares of Insperity in a report on Wednesday, November 14th. Finally, ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $111.00.

In other news, SVP James D. Allison sold 2,000 shares of Insperity stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $115.90, for a total transaction of $231,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.58% of the stock is owned by company insiders.

Shares of NYSE NSP opened at $109.69 on Thursday. The stock has a market cap of $4.58 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94. Insperity Inc has a 1 year low of $55.40 and a 1 year high of $121.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.69.

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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 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.

Further Reading: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity Inc (NYSE:NSP).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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