QS Investors LLC raised its holdings in shares of Insperity Inc (NYSE:NSP) by 91.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,458 shares of the business services provider’s stock after purchasing an additional 73,780 shares during the period. QS Investors LLC owned 0.37% of Insperity worth $8,858,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Insperity by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,191 shares of the business services provider’s stock valued at $1,007,000 after buying an additional 2,056 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Insperity by 5.0% during the second quarter. California State Teachers Retirement System now owns 32,454 shares of the business services provider’s stock valued at $2,304,000 after buying an additional 1,537 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Insperity during the third quarter valued at approximately $580,000. Victory Capital Management Inc. grew its holdings in shares of Insperity by 5,421.6% during the third quarter. Victory Capital Management Inc. now owns 79,787 shares of the business services provider’s stock valued at $7,022,000 after buying an additional 78,342 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in shares of Insperity by 8.5% during the third quarter. Chicago Equity Partners LLC now owns 10,090 shares of the business services provider’s stock valued at $888,000 after buying an additional 790 shares during the last quarter. 83.49% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Jay E. Mincks sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $61.84, for a total value of $371,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Paul J. Sarvadi sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $61.58, for a total transaction of $2,771,100.00. The disclosure for this sale can be found here. Insiders sold 109,751 shares of company stock worth $6,910,568 in the last 90 days. 13.92% of the stock is currently owned by corporate insiders.
Insperity (NYSE:NSP) last issued its earnings results on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a return on equity of 102.86% and a net margin of 2.55%. The company had revenue of $826.50 million during the quarter, compared to analysts’ expectations of $813.28 million. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. analysts expect that Insperity Inc will post 2.72 EPS for the current fiscal year.
Insperity announced that its Board of Directors has initiated a stock buyback program on Thursday, November 16th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.13%. This is a boost from Insperity’s previous quarterly dividend of $0.15. Insperity’s dividend payout ratio (DPR) is currently 40.20%.
A number of research firms have recently commented on NSP. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Monday, February 19th. Roth Capital increased their price target on shares of Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $64.00.
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Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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