Smith Asset Management Group LP grew its stake in shares of Insperity Inc (NYSE:NSP) by 98.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,354 shares of the business services provider’s stock after buying an additional 31,992 shares during the period. Smith Asset Management Group LP owned approximately 0.15% of Insperity worth $3,691,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Mutuals Advisors Inc. acquired a new position in shares of Insperity during the fourth quarter valued at about $100,000. Ameritas Investment Partners Inc. raised its position in shares of Insperity by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after buying an additional 252 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Insperity by 100.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 2,000 shares of the business services provider’s stock valued at $115,000 after buying an additional 1,000 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Insperity by 100.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,200 shares of the business services provider’s stock valued at $126,000 after buying an additional 1,100 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Insperity by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after buying an additional 707 shares during the last quarter. 65.04% of the stock is owned by institutional investors and hedge funds.
In related news, President Richard G. Rawson sold 45,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $64.12, for a total value of $2,885,400.00. Following the completion of the transaction, the president now owns 152,319 shares of the company’s stock, valued at $9,766,694.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Richard G. Rawson sold 900 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $114.76, for a total transaction of $103,284.00. Following the completion of the transaction, the president now directly owns 97,410 shares of the company’s stock, valued at approximately $11,178,771.60. The disclosure for this sale can be found here. Insiders sold 115,651 shares of company stock valued at $7,598,902 in the last three months. Company insiders own 27.47% of the company’s stock.
Insperity Inc (NSP) opened at $66.75 on Friday. Insperity Inc has a 52-week low of $34.88 and a 52-week high of $67.40. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $2,769.06, a PE ratio of 32.17, a P/E/G ratio of 1.36 and a beta of 0.96.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a return on equity of 102.86% and a net margin of 2.55%. The business had revenue of $826.50 million during the quarter, compared to analyst estimates of $813.28 million. During the same period last year, the company earned $0.58 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts expect that Insperity Inc will post 2.72 EPS for the current fiscal year.
Insperity declared that its board has initiated a stock buyback program on Thursday, November 16th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, March 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.15. Insperity’s dividend payout ratio is 30.15%.
A number of research analysts have recently commented on NSP shares. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Monday, February 19th. Roth Capital upped their price objective on shares of Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird reaffirmed a “buy” rating and set a $56.00 price objective on shares of Insperity in a research report on Friday, November 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $55.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $64.00.
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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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