The Manufacturers Life Insurance Company lifted its holdings in Insperity (NYSE:NSP) by 99.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,555 shares of the business services provider’s stock after buying an additional 13,768 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Insperity worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of NSP. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Insperity by 113.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock worth $58,709,000 after buying an additional 543,775 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Insperity by 125,076.0% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 187,764 shares of the business services provider’s stock worth $10,768,000 after buying an additional 187,614 shares in the last quarter. Value Holdings Management CO. LLC lifted its stake in shares of Insperity by 100.0% in the fourth quarter. Value Holdings Management CO. LLC now owns 316,498 shares of the business services provider’s stock worth $18,152,000 after buying an additional 158,249 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Insperity by 29,461.2% in the fourth quarter. Acadian Asset Management LLC now owns 140,120 shares of the business services provider’s stock worth $8,036,000 after buying an additional 139,646 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Insperity by 67.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 290,964 shares of the business services provider’s stock worth $16,687,000 after buying an additional 117,162 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
In other Insperity news, EVP Arthur A. Arizpe sold 10,655 shares of Insperity stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.13, for a total transaction of $683,305.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Paul J. Sarvadi sold 45,000 shares of Insperity stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $61.58, for a total transaction of $2,771,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,751 shares of company stock valued at $7,471,328. Company insiders own 27.47% of the company’s stock.
NSP has been the topic of a number of analyst reports. Roth Capital lifted their target price on shares of Insperity from $58.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Monday, February 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.00.
NSP stock traded down $2.80 during trading on Friday, reaching $68.45. 377,712 shares of the stock were exchanged, compared to its average volume of 226,414. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Insperity has a 1 year low of $34.88 and a 1 year high of $72.60. The company has a market capitalization of $2,839.58, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85.
Insperity (NYSE:NSP) last issued its earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.37). Insperity had a return on equity of 102.86% and a net margin of 2.55%. The firm had revenue of $826.50 million for the quarter, compared to analysts’ expectations of $813.28 million. During the same period last year, the firm earned $0.58 earnings per share. Insperity’s revenue for the quarter was up 13.4% on a year-over-year basis. sell-side analysts forecast that Insperity will post 2.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 7th. This is a boost from Insperity’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Insperity’s dividend payout ratio (DPR) is currently 39.22%.
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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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