Public Employees Retirement System of Ohio lowered its holdings in shares of Insperity Inc (NYSE:NSP) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,008 shares of the business services provider’s stock after selling 1,581 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Insperity were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Private Capital Group LLC lifted its position in Insperity by 566.1% during the second quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 934 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Insperity during the second quarter valued at $124,000. Advisory Services Network LLC bought a new position in Insperity during the second quarter valued at $164,000. Macquarie Group Ltd. lifted its position in Insperity by 53.8% during the second quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 700 shares during the last quarter. Finally, Advisors Preferred LLC lifted its position in Insperity by 825.0% during the second quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 1,881 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Tuesday, August 7th. First Analysis lowered shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective for the company. in a research report on Wednesday, August 1st. Finally, Roth Capital increased their price objective on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.80.
Insperity stock opened at $107.92 on Friday. The stock has a market capitalization of $4.94 billion, a PE ratio of 52.90, a PEG ratio of 2.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.15 and a quick ratio of 1.15. Insperity Inc has a 12-month low of $46.03 and a 12-month high of $121.15.
Insperity (NYSE:NSP) last released its earnings results on Wednesday, August 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The firm had revenue of $922.30 million during the quarter, compared to analyst estimates of $900.20 million. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. Research analysts forecast that Insperity Inc will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were issued a $0.20 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.74%. Insperity’s dividend payout ratio (DPR) is presently 39.22%.
In other news, Director Richard G. Rawson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $115.11, for a total value of $4,604,400.00. Following the completion of the sale, the director now owns 126,055 shares in the company, valued at approximately $14,510,191.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur A. Arizpe sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $108.50, for a total transaction of $1,627,500.00. The disclosure for this sale can be found here. Insiders sold a total of 169,663 shares of company stock valued at $18,651,192 in the last 90 days. Company insiders own 9.58% of the company’s stock.
Insperity Company Profile
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
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