Balyasny Asset Management LLC Has $332,000 Stake in Insperity Inc (NYSE:NSP)
Balyasny Asset Management LLC reduced its stake in shares of Insperity Inc (NYSE:NSP) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,123 shares of the business services provider’s stock after selling 462 shares during the quarter. Balyasny Asset Management LLC’s holdings in Insperity were worth $332,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in Insperity in the 1st quarter valued at approximately $25,000. Jacobi Capital Management LLC grew its holdings in shares of Insperity by 3,076.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 413 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. US Bancorp DE grew its stake in Insperity by 788.6% in the first quarter. US Bancorp DE now owns 1,013 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 899 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Insperity by 104.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 874 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Insperity by 20.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,167 shares of the business services provider’s stock worth $118,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.
In related news, CEO Paul J. Sarvadi sold 79,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $69.06, for a total transaction of $5,498,764.38. Following the completion of the transaction, the chief executive officer now owns 717,408 shares in the company, valued at approximately $49,544,196.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Randall Mehl bought 2,000 shares of Insperity stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of $64.00 per share, for a total transaction of $128,000.00. Following the purchase, the director now directly owns 7,786 shares in the company, valued at approximately $498,304. The disclosure for this purchase can be found here. Insiders sold a total of 84,173 shares of company stock worth $5,820,018 in the last quarter. Insiders own 6.86% of the company’s stock.
Insperity (NYSE:NSP) last posted its earnings results on Monday, August 3rd. The business services provider reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.45. Insperity had a return on equity of 741.70% and a net margin of 3.69%. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $0.83 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts predict that Insperity Inc will post 3.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.37%. Insperity’s payout ratio is presently 43.24%.
NSP has been the subject of several recent research reports. Roth Capital boosted their price target on Insperity from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $72.50.
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.
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