Elberon Lowers stake in Insperity Inc (NSP)

Insperity Inc (NSP) : Elberon reduced its stake in Insperity Inc by 89.67% during the most recent quarter end. The investment management company now holds a total of 46,000 shares of Insperity Inc which is valued at $3,095,340 after selling 399,500 shares in Insperity Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Insperity Inc makes up approximately 5.07% of Elberon’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in NSP by selling 34,329 shares or 26.92% in the most recent quarter. The Hedge Fund company now holds 93,174 shares of NSP which is valued at $6,269,678. Insperity Inc makes up approx 0.01% of D. E. Shaw’s portfolio. Profund Advisors added NSP to its portfolio by purchasing 3,142 company shares during the most recent quarter which is valued at $211,425. Insperity Inc makes up approx 0.01% of Profund Advisors’s portfolio. Opus Capital Group added NSP to its portfolio by purchasing 3,568 company shares during the most recent quarter which is valued at $244,123. Insperity Inc makes up approx 0.05% of Opus Capital Group’s portfolio.California State Teachers Retirement System reduced its stake in NSP by selling 1,263 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 32,917 shares of NSP which is valued at $2,226,835.

Insperity Inc opened for trading at $65.32 and hit $66.06 on the upside on Thursday, eventually ending the session at $66, with a gain of 0.69% or 0.45 points. The heightened volatility saw the trading volume jump to 1,57,034 shares. Company has a market cap of $1,412 M.

On the company’s financial health, Insperity Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.59. The company had revenue of $707.30 million for the quarter, compared to analysts expectations of $720.78 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Investors should note that on Sep 2, 2016, Insperity Inc announced a cash dividend of $0.2500. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Insperity Inc. First Analysis Sec Downgraded Insperity Inc on Jul 7, 2016 to ” Equal-Weight”, Price Target of the shares are set at $84.

Insperity Inc. (Insperity) provides an array of human resources (HR) and business performance solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together its professional employer organization (PEO) HR Outsourcing solutions) which encompass a range of human resources functions including payroll and employment administration employee benefits workers’ compensation government compliance performance management and training and development services. In addition to its PEO HR Outsourcing solutions the Company offers human capital management payroll services time and attendance performance management organizational planning recruiting services employment screening financial and expense management services retirement services and insurance services (collectively Strategic Businesses) many of which are offered through desktop applications and cloud-based delivery models.

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