Tinicum Inc Exits Position in Insperity Inc (NSP)

Insperity Inc (NSP) : Tinicum Inc has sold out all of its stake in Insperity Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 103,800 shares of Insperity Inc which is valued at $6,984,702.

Other Hedge Funds, Including , Gotham Asset Management added NSP to its portfolio by purchasing 7,935 company shares during the most recent quarter which is valued at $533,946. Insperity Inc makes up approx 0.01% of Gotham Asset Management’s portfolio.Oppenheimerfunds reduced its stake in NSP by selling 4,503 shares or 19.79% in the most recent quarter. The Hedge Fund company now holds 18,248 shares of NSP which is valued at $1,227,908.Tower Research Capital (trc) boosted its stake in NSP in the latest quarter, The investment management firm added 671 additional shares and now holds a total of 742 shares of Insperity Inc which is valued at $49,929.Pinebridge Investments boosted its stake in NSP in the latest quarter, The investment management firm added 87 additional shares and now holds a total of 2,061 shares of Insperity Inc which is valued at $138,685. Insperity Inc makes up approx 0.01% of Pinebridge Investments’s portfolio.First Trust Advisors Lp reduced its stake in NSP by selling 32,681 shares or 65.73% in the most recent quarter. The Hedge Fund company now holds 17,036 shares of NSP which is valued at $1,165,603.

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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