HBK Investments L P lifted its stake in Insperity Inc (NYSE:NSP) by 99.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 292,634 shares of the business services provider’s stock after purchasing an additional 145,615 shares during the quarter. HBK Investments L P owned about 0.71% of Insperity worth $16,783,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in shares of Insperity by 78.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 707 shares during the last quarter. Rhumbline Advisers raised its position in shares of Insperity by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 39,703 shares of the business services provider’s stock valued at $3,494,000 after purchasing an additional 740 shares during the last quarter. American International Group Inc. raised its position in shares of Insperity by 5.5% in the 3rd quarter. American International Group Inc. now owns 14,539 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 763 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of Insperity by 8.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 10,090 shares of the business services provider’s stock valued at $888,000 after purchasing an additional 790 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Insperity by 100.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 2,000 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 1,000 shares during the last quarter. 83.49% of the stock is owned by hedge funds and other institutional investors.
Insperity Inc (NYSE NSP) opened at $70.30 on Tuesday. Insperity Inc has a 1 year low of $34.88 and a 1 year high of $71.10. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $2,943.31, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. Insperity’s dividend payout ratio (DPR) is currently 40.20%.
Insperity declared that its board has authorized a stock repurchase plan on Thursday, November 16th that permits the company to buyback 500,000 shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
NSP has been the subject of several research analyst reports. Roth Capital increased their price objective on shares of Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Monday, February 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.00.
In other Insperity news, President Richard G. Rawson sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $64.12, for a total transaction of $2,885,400.00. Following the completion of the transaction, the president now directly owns 152,319 shares of the company’s stock, valued at approximately $9,766,694.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas S. Sharp sold 3,096 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $64.51, for a total transaction of $199,722.96. The disclosure for this sale can be found here. Insiders have sold a total of 109,751 shares of company stock valued at $6,910,568 over the last three months. 13.92% of the stock is currently owned by insiders.
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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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