RPg Family Wealth Advisory LLC Has $6.19 Million Holdings in Insperity Inc (NSP)
RPg Family Wealth Advisory LLC lowered its stake in Insperity Inc (NYSE:NSP) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,962 shares of the business services provider’s stock after selling 4,021 shares during the period. Insperity makes up about 4.8% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its largest holding. RPg Family Wealth Advisory LLC’s holdings in Insperity were worth $6,188,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Capital Group LLC raised its stake in Insperity by 566.1% during the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 934 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Insperity during the 2nd quarter valued at $124,000. Advisory Services Network LLC bought a new stake in Insperity in the second quarter worth $164,000. Advisors Preferred LLC boosted its holdings in Insperity by 825.0% in the second 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 in the last quarter. Finally, Smithfield Trust Co. bought a new stake in Insperity in the second quarter worth $233,000. 82.48% of the stock is currently owned by institutional investors.
In other news, Director Richard G. Rawson sold 40,000 shares of the company’s 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 transaction, the director now owns 126,055 shares of the company’s stock, valued at $14,510,191.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul J. Sarvadi sold 3,471 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $104.00, for a total transaction of $360,984.00. Following the transaction, the chief executive officer now directly owns 582,052 shares of the company’s stock, valued at approximately $60,533,408. The disclosure for this sale can be found here. Insiders have sold 175,163 shares of company stock valued at $19,180,472 in the last ninety days. 9.58% of the stock is owned by company insiders.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.08. The business had revenue of $922.30 million during the quarter, compared to analyst estimates of $900.20 million. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. equities analysts predict that Insperity Inc will post 3.17 EPS for the current year.
A number of brokerages recently issued reports on NSP. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “strong-buy” rating and set a $96.00 price objective for the company in a report on Thursday, May 10th. ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. First Analysis reiterated an “equal weight” rating on shares of Insperity in a report on Thursday, August 2nd. Robert W. Baird boosted their target price on shares of Insperity from $69.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, May 14th. Finally, Roth Capital boosted their target price on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Insperity has a consensus rating of “Buy” and an average price target of $104.80.
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 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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