Renaissance Technologies LLC Grows Position in Insperity, Inc. (NSP)

Renaissance Technologies LLC lifted its holdings in Insperity, Inc. (NYSE:NSP) by 97.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316,633 shares of the business services provider’s stock after acquiring an additional 156,549 shares during the period. Renaissance Technologies LLC owned approximately 1.52% of Insperity worth $22,481,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Insperity by 41.4% in the first quarter. Bank of America Corp DE now owns 197,718 shares of the business services provider’s stock valued at $17,528,000 after acquiring an additional 57,924 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Insperity in the second quarter valued at about $2,782,000. Janney Montgomery Scott LLC grew its stake in shares of Insperity by 16.1% in the second quarter. Janney Montgomery Scott LLC now owns 6,243 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 866 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Insperity by 3.6% in the second quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock valued at $27,385,000 after acquiring an additional 13,430 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Insperity by 156.0% in the first quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock valued at $18,918,000 after acquiring an additional 130,047 shares in the last quarter. Institutional investors and hedge funds own 79.72% of the company’s stock.

Shares of Insperity, Inc. (NYSE NSP) opened at 93.25 on Wednesday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 27.01 and a beta of 0.79. The firm’s 50-day moving average is $84.07 and its 200-day moving average is $80.95. Insperity, Inc. has a 52 week low of $64.55 and a 52 week high of $93.85.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The business had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. During the same period in the previous year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Insperity, Inc. will post $4.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, September 7th. Insperity’s dividend payout ratio is presently 34.68%.

Several research firms recently commented on NSP. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $94.00.

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In other news, EVP Arthur A. Arizpe sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the executive vice president now directly owns 23,653 shares in the company, valued at $2,010,505. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John M. Morphy sold 500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total value of $41,925.00. Following the sale, the director now owns 1,887 shares in the company, valued at $158,224.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,401 shares of company stock worth $9,642,153. Company insiders own 13.92% 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).

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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