On September 26, 2023, it was reported that Hennessy Advisors Inc. had reduced its stake in Insperity, Inc. (NYSE:NSP) by 5.5% during the second quarter. According to the filing made with the Securities and Exchange Commission (SEC), Hennessy Advisors Inc. sold 1,500 shares, leaving them with a total of 26,000 shares in the business services provider’s stock. At the end of the reporting period, these shares were valued at $3,093,000, accounting for 0.07% of Insperity’s worth.
Insperity recently disclosed its quarterly earnings data on August 1st. The company reported earnings per share (EPS) of $0.33 for the quarter, falling short of the consensus estimate of $0.89 by $0.56. In terms of revenue, Insperity generated $1.59 billion during that period as compared to an estimated consensus figure of $1.54 billion.
Sell-side analysts are predicting that Insperity will post EPS of 3.74 for this fiscal year.
Hennessy Advisors Inc.’s decision to reduce its position in Insperity may indicate a change in their investment strategy or outlook on the company’s performance going forward. It is important to note that this report pertains to data from the second quarter and does not necessarily reflect current market conditions or sentiments regarding Insperity’s prospects.
Investors and market participants should carefully consider all available information and conduct thorough analysis before making any investment decisions regarding Insperity or any other company in order to make well-informed choices based on their individual financial goals and risk tolerance levels.
As with any investment, there are inherent risks involved when trading securities,and past performance is not indicative of future results.It is always advisable to consult with a qualified financial advisor or professional before making any investment decisions to ensure they align with your specific investment objectives.
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Investor and Analyst Interest in Insperity Inc. Sparked by Institutional Positions and Insider Sales
Insperity, a business services provider, has recently seen changes in its positions as various hedge funds and institutional investors make adjustments to their portfolios. Raymond James & Associates increased its stake in Insperity by 15.2% during the 1st quarter, owning over 27,000 shares of the company’s stock. Similarly, American Century Companies Inc. raised its stake by 20.6%, Rhumbline Advisers by 2.9%, Commonwealth of Pennsylvania Public School Empls Retrmt SYS by 10.1%, and Great West Life Assurance Co. Can by 9.1%. These institutional investors now own a significant percentage of Insperity’s stock.
Research firms have also issued reports on Insperity’s performance. 51job reiterated a “reiterates” rating, while StockNews.com gave the stock a “hold” rating. Truist Financial and Robert W. Baird both decreased their target prices for Insperity from $128.00 to $110.00 and from $131.00 to $120.00 respectively.
In recent news, CEO Paul J. Sarvadi sold nearly 19,000 shares of Insperity stock in August at an average price of $101.33 per share, resulting in a total transaction value exceeding $1 million dollars. Following this sale, Sarvadi now owns over half a million shares in the company with an estimated value of approximately $52 million dollars.
Director John M. Morphy also sold 1,500 shares in August at an average price of $98.24 per share, totaling approximately $147,000 dollars in transaction value.
These insider sales have caused curiosity among investors and analysts alike as corporate insiders now own about 5.61% of the company’s stock.
As of September 26th, Insperity’s stock opened at $94.76 per share with a market capitalization of $3.61 billion. The company has a current ratio and quick ratio of 1.20, indicating a balanced liquidity position. With a debt-to-equity ratio of 2.83 and a beta of 1.22, Insperity stands as a moderate-risk investment option.
Investors have closely watched Insperity’s stock performance, especially its 50-day moving average price of $102.92 and its 200-day moving average price of $112.80.
Overall, the recent changes in institutional positions and insider sales have elicited interest from both investors and analysts in the business services provider, Insperity Inc., as they monitor its financial performance and potential for growth.
