OppenheimerFunds Inc. raised its stake in shares of Insperity Inc (NYSE:NSP) by 9.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 291,481 shares of the business services provider’s stock after acquiring an additional 24,657 shares during the period. OppenheimerFunds Inc. owned approximately 0.71% of Insperity worth $36,044,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of NSP. Norges Bank bought a new position in Insperity during the 4th quarter valued at about $62,035,000. BlackRock Inc. lifted its stake in shares of Insperity by 9.8% in the 1st quarter. BlackRock Inc. now owns 6,662,976 shares of the business services provider’s stock worth $823,944,000 after purchasing an additional 594,431 shares during the period. Vanguard Group Inc lifted its stake in shares of Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock worth $479,025,000 after purchasing an additional 220,365 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Insperity by 127.0% in the 4th quarter. WINTON GROUP Ltd now owns 300,352 shares of the business services provider’s stock worth $28,041,000 after purchasing an additional 168,017 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Insperity by 18.2% in the 4th quarter. Northern Trust Corp now owns 610,729 shares of the business services provider’s stock worth $57,017,000 after purchasing an additional 93,896 shares during the period. Institutional investors and hedge funds own 83.26% of the company’s stock.
Several brokerages have recently weighed in on NSP. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Thursday, May 2nd. Roth Capital increased their price objective on shares of Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $126.40.
In related news, CEO Paul J. Sarvadi sold 10,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $114.03, for a total value of $1,140,300.00. Following the completion of the sale, the chief executive officer now directly owns 679,650 shares of the company’s stock, valued at approximately $77,500,489.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur A. Arizpe sold 8,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $130.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the executive vice president now directly owns 42,633 shares of the company’s stock, valued at $5,542,290. The disclosure for this sale can be found here. Insiders sold a total of 69,522 shares of company stock valued at $8,371,159 over the last three months. 6.86% of the stock is currently owned by insiders.
Shares of NYSE:NSP traded down $0.27 during trading on Wednesday, hitting $119.47. The company’s stock had a trading volume of 6,479 shares, compared to its average volume of 341,727. Insperity Inc has a 12 month low of $86.63 and a 12 month high of $132.50. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $4.89 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Monday, April 29th. The business services provider reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.10. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Insperity had a net margin of 4.06% and a return on equity of 138.18%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 EPS. Analysts expect that Insperity Inc will post 4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, June 7th. Insperity’s dividend payout ratio is 35.61%.
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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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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