FDx Advisors Inc. acquired a new position in shares of Insperity Inc (NYSE:NSP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,988 shares of the business services provider’s stock, valued at approximately $666,000.

A number of other institutional investors have also recently made changes to their positions in NSP. Catalyst Capital Advisors LLC purchased a new position in Insperity during the 2nd quarter worth $124,000. Advisory Services Network LLC acquired a new position in shares of Insperity during the 2nd quarter worth $164,000. Advisors Preferred LLC grew its stake in shares of Insperity by 825.0% during the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after purchasing an additional 1,881 shares during the period. Smithfield Trust Co. acquired a new position in shares of Insperity during the 2nd quarter worth $233,000. Finally, Chesapeake Wealth Management acquired a new position in shares of Insperity during the 2nd quarter worth $238,000. Institutional investors own 82.48% of the company’s stock.

A number of equities analysts have recently weighed in on NSP shares. ValuEngine raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Roth Capital upped their price target on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Tuesday, August 7th. First Analysis reaffirmed an “equal weight” rating on shares of Insperity in a research note on Thursday, August 2nd. Finally, SunTrust Banks upped their price target on shares of Insperity to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $104.80.

In related news, SVP Douglas S. Sharp sold 1,823 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $115.60, for a total value of $210,738.80. Following the sale, the senior vice president now directly owns 19,967 shares of the company’s stock, valued at approximately $2,308,185.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard G. Rawson sold 40,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $115.11, for a total transaction of $4,604,400.00. Following the completion of the sale, the director now directly owns 126,055 shares in the company, valued at $14,510,191.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,163 shares of company stock worth $19,180,472. 9.58% of the stock is owned by corporate insiders.

NYSE:NSP opened at $116.05 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.15. Insperity Inc has a fifty-two week low of $39.25 and a fifty-two week high of $118.20. The firm has a market cap of $4.84 billion, a PE ratio of 40.76, a P/E/G ratio of 2.02 and a beta of 0.80.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The business had revenue of $922.30 million for the quarter, compared to analysts’ expectations of $900.20 million. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts expect that Insperity Inc will post 3.17 earnings per share for the current fiscal year.

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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