Springbank Value Partners Lp Lowers stake in Insperity Inc (NSP)

Insperity Inc (NSP) : Springbank Value Partners Lp reduced its stake in Insperity Inc by 7.48% during the most recent quarter end. The investment management company now holds a total of 54,390 shares of Insperity Inc which is valued at $3,679,484 after selling 4,400 shares in Insperity Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Insperity Inc makes up approximately 6.06% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Wedge Capital Management L L Pnc reduced its stake in NSP by selling 2,422 shares or 31.39% in the most recent quarter. The Hedge Fund company now holds 5,293 shares of NSP which is valued at $415,448. Meeder Asset Management Inc added NSP to its portfolio by purchasing 5,693 company shares during the most recent quarter which is valued at $464,549. Insperity Inc makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.Profit Investment Management reduced its stake in NSP by selling 9,381 shares or 24.31% in the most recent quarter. The Hedge Fund company now holds 29,214 shares of NSP which is valued at $2,383,862. Insperity Inc makes up approx 1.82% of Profit Investment Management’s portfolio.Acadian Asset Management boosted its stake in NSP in the latest quarter, The investment management firm added 228,193 additional shares and now holds a total of 740,042 shares of Insperity Inc which is valued at $58,596,526. Insperity Inc makes up approx 0.29% of Acadian Asset Management’s portfolio.

Insperity Inc closed down -0.44 points or -0.65% at $67.21 with 1,96,872 shares getting traded on Thursday. Post opening the session at $67.59, the shares hit an intraday low of $66.75 and an intraday high of $68.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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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