Ownership Change: Jeffrey Smith’s Starboard Value Lp Just Disclosed New Insperity, Inc Position

Ownership Change: Jeffrey Smith's Starboard Value Lp Just Disclosed New Insperity, Inc Position

The New Jeffrey Smith’s Starboard Value Lp Holding in Insperity, Inc

Starboard Value Lp filed with the SEC SC 13D/A form for Insperity, Inc. The form can be accessed here: 000092189516006250. As reported in Jeffrey Smith’s Starboard Value Lp’s form, the filler as of late owns 4.8% or 1,028,626 shares of the Industrials–company.

Insperity, Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 28, 2016. We feel this shows Jeffrey Smith’s Starboard Value Lp’s positive view for the stock. For a hedge fund managing $2.57 billion in assets and having 15+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Jeffrey Smith’s Starboard Value Lp’s US equities portfolio is in this sector.

Insperity, Inc Institutional Sentiment

Latest Security and Exchange filings show 168 investors own Insperity, Inc. The institutional ownership in Q3 2015 is high, at 95.39% of the outstanding shares. This is decreased by 274 the total institutional shares. 20298476 were the shares owned by these institutional investors. In total 21 funds opened new Insperity, Inc stakes, 53 increased stakes. There were 29 that closed positions and 76 reduced them.

5 managers had the stock in their top Ten. Notable investors are: Winslow Asset Management Inc, Springbank Value Partners Lp, Copper Rock Capital Partners Llc, Value Holdings Lp, Strategic Investment Management Llc, Starboard Value Lp, Globeflex Capital L P..

Tim Curro Value Holdings Lp is an institutional investor bullish on Insperity, Inc, owning 145590 shares as of Q3 2015 for 4.63% of its portfolio. Tinicum Inc owns 103800 shares or 2.21% of its portfolio. NY Springbank Value Partners Lp have 4.96% of their stock portfolio for 58790 shares. Further, Starboard Value Lp reported stake worth 3.27% of its US stock portfolio. The CT Stadium Capital Management Llc owns 1096281 shares. Insperity, Inc is 17.65% of the manager’s US portfolio.

Business Profile

Insperity, Inc. (Insperity) provides an array of human resources (HR) and business 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, many of which are offered through desktop applications and cloud-based delivery models.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Jeffrey Smith’s Starboard Value Lp website.

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.27, from 1.43 in 2016Q1. The ratio dived, as 15 funds sold all Insperity Inc shares owned while 64 reduced positions. 51 funds bought stakes while 62 increased positions. They now own 17.19 million shares or 1.44% less from 17.45 million shares in 2016Q1.

Northern Trust Corporation, a Illinois-based fund reported 210,731 shares. Opus Capital Group has 0.06% invested in the company for 3,568 shares. The Pennsylvania-based Tfs Capital has invested 0.19% in Insperity Inc (NYSE:NSP). Jacobs Levy Equity Mgmt Incorporated has invested 0.19% of its portfolio in Insperity Inc (NYSE:NSP). Geode Management Ltd Liability reported 182,254 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department, a Tennessee-based fund reported 13,109 shares. Alliancebernstein Lp owns 49,046 shares or 0% of their US portfolio. Wells Fargo Mn accumulated 0% or 91,575 shares. Mackenzie Fincl Corporation owns 30,651 shares or 0.01% of their US portfolio. Eam Invsts Ltd holds 42,048 shares or 0.49% of its portfolio. The Louisiana-based Louisiana State Employees Retirement has invested 0.03% in Insperity Inc (NYSE:NSP). Morgan Stanley reported 308,003 shares or 0.01% of all its holdings. Connor Clark And Lunn Inv accumulated 24,400 shares or 0.01% of the stock. Bnp Paribas Arbitrage Sa has 0% invested in the company for 5,614 shares. Meeder Asset Management has invested 0.04% of its portfolio in Insperity Inc (NYSE:NSP).

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 12 insider sales for $35.55 million net activity. MINCKS JAY E sold $71,500 worth of stock. 313,918 shares were sold by Feld Peter A, worth $22.76M. SARVADI PAUL J also sold $2.16 million worth of Insperity Inc (NYSE:NSP) shares. 8,886 Insperity Inc (NYSE:NSP) shares with value of $595,584 were sold by RAWSON RICHARD G. Herink Daniel D sold 3,000 shares worth $200,250. SHARP DOUGLAS S sold $286,200 worth of stock. 20,513 shares were sold by BROWN MICHAEL W, worth $1.37 million.

Analysts await Insperity Inc (NYSE:NSP) to report earnings on February, 10. They expect $0.42 EPS, up 68.00% or $0.17 from last year’s $0.25 per share. NSP’s profit will be $8.88M for 43.10 P/E if the $0.42 EPS becomes a reality. After $0.66 actual EPS reported by Insperity Inc for the previous quarter, Wall Street now forecasts -36.36% negative EPS growth.

The stock decreased 0.28% or $0.2 during the last trading session, hitting $72.4. About 151,761 shares traded hands. Insperity Inc (NYSE:NSP) has risen 37.60% since April 27, 2016 and is uptrending. It has outperformed by 32.38% the S&P500.

Insperity, Inc. provides an array of human resources (HR) and business solutions. The company has a market cap of $1.53 billion. 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. It has a 24.93 P/E ratio.

Insperity Inc (NYSE:NSP) Ratings Coverage

Out of 3 analysts covering Insperity Inc (NYSE:NSP), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Insperity Inc has been the topic of 3 analyst reports since February 16, 2016 according to StockzIntelligence Inc. First Analysis upgraded the shares of NSP in a report on Tuesday, February 16 to “Overweight” rating. The firm has “Buy” rating by Roth Capital given on Tuesday, May 3. The firm has “Outperform” rating by Robert W. Baird given on Friday, April 29.

More news for Insperity Inc (NYSE:NSP) were recently published by: Wsj.com, which released: “Insperity Makes Deal to Accept Starboard Nominee, Add Another to Board” on May 19, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Broadcom, Mentor Graphics and Insperity” and published on September 13, 2016 is yet another important article.

According to Zacks Investment Research, “Insperity, Inc., formerly known as Administaff, Inc., is engaged in providing an array of human resources and business solutions. Services offered by the Company includes Workforce Optimization in the marketplace, MidMarket Solutions, Performance Management, Expense Management, Time and Attendance, Organizational Planning, Employment Screening, Recruiting Services, Retirement Services, Business Insurance and Technology Services. Insperity, Inc. is headquartered in Kingwood, Texas.”

NSP Company Profile

Insperity, Inc. (Insperity), incorporated on August 9, 1995, provides an array of human resources (HR) and business 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, many of which are offered through desktop applications and cloud delivery models.

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