Xact Kapitalforvaltning AB Takes $203,000 Position in Insperity (NSP)

Xact Kapitalforvaltning AB bought a new stake in Insperity (NYSE:NSP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,544 shares of the business services provider’s stock, valued at approximately $203,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Insperity by 91.6% in the fourth quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock valued at $318,769,000 after buying an additional 2,656,549 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased 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 valued at $58,709,000 after buying an additional 543,775 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Insperity by 112.2% in the fourth quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock valued at $34,421,000 after buying an additional 317,300 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Insperity by 45.4% in the fourth quarter. Renaissance Technologies LLC now owns 506,500 shares of the business services provider’s stock valued at $29,048,000 after buying an additional 158,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Insperity by 71.7% in the fourth quarter. Bank of New York Mellon Corp now owns 506,094 shares of the business services provider’s stock valued at $29,024,000 after buying an additional 211,266 shares in the last quarter. Institutional investors own 83.49% of the company’s stock.

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A number of analysts have recently weighed in on NSP shares. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Monday, February 19th. Roth Capital raised their target price on Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $64.00.

In related news, Director Austin P. Young sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $70.05, for a total value of $350,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jay E. Mincks sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $61.84, for a total value of $371,040.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,751 shares of company stock worth $7,471,328. 13.92% of the stock is owned by company insiders.

Insperity stock opened at $76.60 on Thursday. The stock has a market capitalization of $3,044.95, a P/E ratio of 37.55, a PEG ratio of 1.50 and a beta of 0.85. Insperity has a 12-month low of $34.88 and a 12-month high of $77.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

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 consensus estimate of $0.92 by ($0.37). The firm had revenue of $826.50 million during the quarter, compared to the consensus estimate of $813.28 million. Insperity had a net margin of 2.55% and a return on equity of 102.86%. Insperity’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. equities analysts predict that Insperity will post 2.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $0.20 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.04%. Insperity’s dividend payout ratio (DPR) is currently 39.22%.

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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 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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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