Old Mutual Global Investors UK Ltd. grew its position in Insperity, Inc. (NYSE:NSP) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,674 shares of the business services provider’s stock after purchasing an additional 1,772 shares during the period. Old Mutual Global Investors UK Ltd. owned approximately 0.05% of Insperity worth $757,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Insperity by 41.4% in the first quarter. Bank of America Corp DE now owns 197,718 shares of the business services provider’s stock valued at $17,528,000 after purchasing an additional 57,924 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Insperity in the second quarter valued at about $2,782,000. Russell Investments Group Ltd. lifted its holdings in shares of Insperity by 16.5% in the first quarter. Russell Investments Group Ltd. now owns 111,825 shares of the business services provider’s stock valued at $9,913,000 after purchasing an additional 15,839 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Insperity by 16.1% in the second quarter. Janney Montgomery Scott LLC now owns 6,243 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 866 shares in the last quarter. Finally, Airain ltd bought a new stake in shares of Insperity in the first quarter valued at about $258,000. Institutional investors own 79.69% of the company’s stock.
A number of analysts have recently commented on NSP shares. BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered Insperity from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and boosted their price target for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $94.00.
In related news, EVP Jay E. Mincks sold 2,459 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $84.53, for a total value of $207,859.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Richard G. Rawson sold 51,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the completion of the transaction, the president now directly owns 128,868 shares in the company, valued at approximately $10,946,047.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,310 shares of company stock valued at $8,928,263. 13.92% of the stock is currently owned by company insiders.
Shares of Insperity, Inc. (NSP) opened at 81.30 on Monday. Insperity, Inc. has a one year low of $64.55 and a one year high of $93.65. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.54 and a beta of 0.77. The stock has a 50 day moving average price of $80.16 and a 200-day moving average price of $81.02.
Insperity (NYSE:NSP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The company had revenue of $795.50 million during the quarter, compared to the consensus estimate of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. On average, equities research analysts expect that Insperity, Inc. will post $4.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. Insperity’s dividend payout ratio is presently 34.68%.
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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