Canada Pension Plan Investment Board decreased its position in shares of Insperity, Inc. (NYSE:NSP) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,400 shares of the business services provider’s stock after selling 9,000 shares during the period. Canada Pension Plan Investment Board owned approximately 0.22% of Insperity worth $3,365,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of NSP. State of Alaska Department of Revenue grew its position in Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock worth $183,000 after acquiring an additional 10 shares in the last quarter. Bank of Montreal Can grew its position in Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after acquiring an additional 19 shares in the last quarter. First National Bank of Hutchinson grew its position in Insperity by 1.1% in the second quarter. First National Bank of Hutchinson now owns 6,216 shares of the business services provider’s stock worth $453,000 after acquiring an additional 66 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Insperity by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,410 shares of the business services provider’s stock worth $313,000 after acquiring an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in Insperity by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,691 shares of the business services provider’s stock worth $972,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.
Insperity, Inc. (NYSE NSP) traded up 0.74% during trading on Friday, reaching $81.30. 68,354 shares of the company’s stock traded hands. The company has a 50 day moving average price of $80.16 and a 200-day moving average price of $81.02. Insperity, Inc. has a 12-month low of $64.55 and a 12-month high of $93.65. The company has a market cap of $1.69 billion, a PE ratio of 23.54 and a beta of 0.77.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business had revenue of $795.50 million for the quarter, compared to analyst estimates of $778.88 million. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Insperity, Inc. will post $4.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Insperity’s payout ratio is 34.68%.
Several research analysts recently commented on NSP shares. Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, August 7th. Finally, BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $94.00.
In other news, Director John M. Morphy sold 500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total value of $41,925.00. Following the sale, the director now directly owns 1,887 shares in the company, valued at approximately $158,224.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Richard G. Rawson sold 51,000 shares of the firm’s stock in a transaction on 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 sale, the president now owns 128,868 shares in the company, valued at $10,946,047.92. The disclosure for this sale can be found here. Insiders sold a total of 106,310 shares of company stock worth $8,928,263 over the last 90 days. Company insiders own 27.47% of the company’s stock.
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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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