Canada Pension Plan Investment Board lessened its position in Insperity Inc (NYSE:NSP) by 49.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,200 shares of the business services provider’s stock after selling 64,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.16% of Insperity worth $7,690,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in NSP. Private Capital Group LLC increased its holdings in shares of Insperity by 566.1% in the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock worth $104,000 after acquiring an additional 934 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Insperity in the 2nd quarter worth about $124,000. Macquarie Group Ltd. increased its holdings in shares of Insperity by 53.8% in the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after acquiring an additional 700 shares during the period. Advisors Preferred LLC increased its holdings in shares of Insperity by 825.0% in the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after acquiring an additional 1,881 shares during the period. Finally, Fulton Bank N.A. acquired a new stake in shares of Insperity in the 3rd quarter worth about $205,000. 83.35% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on NSP shares. Robert W. Baird increased their price objective on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research reaffirmed a “strong-buy” rating and issued a $127.00 price objective on shares of Insperity in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $112.40.
Insperity stock opened at $94.24 on Friday. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 46.20, a P/E/G ratio of 1.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 1.21. Insperity Inc has a 52 week low of $55.40 and a 52 week high of $121.15.
Insperity (NYSE:NSP) last released its earnings results on Thursday, November 1st. The business services provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.14. The firm had revenue of $925.13 million for the quarter, compared to analysts’ expectations of $935.62 million. Insperity had a net margin of 3.41% and a return on equity of 123.25%. Insperity’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. As a group, research analysts forecast that Insperity Inc will post 3.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Thursday, December 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $0.80 annualized dividend and a yield of 0.85%. Insperity’s payout ratio is 39.22%.
In other Insperity news, EVP Jay E. Mincks sold 1,042 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $108.62, for a total transaction of $113,182.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $116.61, for a total transaction of $3,498,300.00. Following the transaction, the chairman now directly owns 598,962 shares in the company, valued at approximately $69,844,958.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,742 shares of company stock worth $4,156,509. 9.58% of the stock is owned by corporate insiders.
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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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