Eqis Capital Management Inc. Has $433,000 Holdings in Insperity Inc (NSP)

Eqis Capital Management Inc. lessened its holdings in Insperity Inc (NYSE:NSP) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,503 shares of the business services provider’s stock after selling 1,238 shares during the quarter. Eqis Capital Management Inc.’s holdings in Insperity were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc boosted its holdings in Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Insperity by 4.1% in the 4th quarter. Prudential Financial Inc. now owns 687,642 shares of the business services provider’s stock valued at $64,199,000 after purchasing an additional 26,908 shares in the last quarter. Norges Bank purchased a new stake in Insperity in the 4th quarter valued at approximately $62,035,000. Finally, Northern Trust Corp boosted its holdings in Insperity by 18.2% in the 4th quarter. Northern Trust Corp now owns 610,729 shares of the business services provider’s stock valued at $57,017,000 after purchasing an additional 93,896 shares in the last quarter. 82.77% of the stock is currently owned by institutional investors.

In other Insperity news, SVP James D. Allison sold 2,000 shares of Insperity stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the senior vice president now directly owns 26,087 shares of the company’s stock, valued at approximately $3,260,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur A. Arizpe sold 8,000 shares of Insperity stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $130.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the executive vice president now directly owns 42,633 shares of the company’s stock, valued at $5,542,290. The disclosure for this sale can be found here. Insiders sold a total of 133,974 shares of company stock valued at $16,911,882 over the last ninety days. 9.58% of the stock is owned by corporate insiders.

NSP has been the subject of a number of research reports. SunTrust Banks lifted their price target on shares of Insperity to $129.00 and gave the company a “hold” rating in a research report on Tuesday, February 12th. ValuEngine upgraded Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Roth Capital lifted their price objective on Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $123.80.

NSP stock opened at $123.45 on Wednesday. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.65 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.12 and a quick ratio of 1.12. Insperity Inc has a one year low of $75.00 and a one year high of $132.50.

Insperity (NYSE:NSP) last released its earnings results on Monday, February 11th. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The firm had revenue of $966.80 million during the quarter, compared to analysts’ expectations of $959.22 million. Insperity had a net margin of 3.52% and a return on equity of 126.19%. Insperity’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts expect that Insperity Inc will post 4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.30 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 13th. Insperity’s payout ratio is presently 35.61%.

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Insperity Company 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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

Further Reading: What are Institutional Investors?

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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