Connor Clark & Lunn Investment Management Ltd. grew its stake in Insperity Inc (NYSE:NSP) by 142.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,816 shares of the business services provider’s stock after buying an additional 6,941 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Insperity were worth $1,394,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Aperio Group LLC boosted its position in shares of Insperity by 12.2% in the second quarter. Aperio Group LLC now owns 10,557 shares of the business services provider’s stock worth $1,006,000 after purchasing an additional 1,147 shares during the period. Alps Advisors Inc. boosted its position in shares of Insperity by 67.9% in the second quarter. Alps Advisors Inc. now owns 11,622 shares of the business services provider’s stock worth $667,000 after purchasing an additional 4,701 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Insperity by 5.9% in the second quarter. Crossmark Global Holdings Inc. now owns 11,110 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 620 shares during the period. Comerica Bank boosted its position in shares of Insperity by 1.9% in the second quarter. Comerica Bank now owns 39,953 shares of the business services provider’s stock worth $3,951,000 after purchasing an additional 736 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Insperity by 6.2% in the second quarter. Wells Fargo & Company MN now owns 187,283 shares of the business services provider’s stock worth $17,838,000 after purchasing an additional 10,918 shares during the period. 83.35% of the stock is owned by institutional investors.
In other news, Chairman Paul J. Sarvadi sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $116.61, for a total value of $3,498,300.00. Following the transaction, the chairman now owns 598,962 shares of the company’s stock, valued at $69,844,958.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jay E. Mincks sold 1,042 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $108.62, for a total transaction of $113,182.04. The disclosure for this sale can be found here. Insiders sold 35,742 shares of company stock worth $4,156,509 in the last three months. Insiders own 9.58% of the company’s stock.
NSP opened at $94.24 on Friday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.62 and a beta of 0.93. Insperity Inc has a 1-year low of $55.40 and a 1-year high of $121.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.21 and a quick ratio of 1.21.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.14. The business had revenue of $925.13 million during the quarter, compared to analyst estimates of $935.62 million. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. Equities research analysts anticipate that Insperity Inc will post 3.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Thursday, December 13th will be given a $0.20 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.85%. Insperity’s payout ratio is currently 39.22%.
A number of equities analysts have weighed in on NSP shares. Robert W. Baird upped their price target on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. Zacks Investment Research reiterated a “strong-buy” rating and issued a $127.00 price target on shares of Insperity in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $112.40.
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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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