ARP Americas LP bought a new position in shares of Insperity Inc (NYSE:NSP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,900 shares of the business services provider’s stock, valued at approximately $271,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brasada Capital Management LP purchased a new stake in shares of Insperity in the fourth quarter valued at $29,000. Ffcm LLC purchased a new stake in shares of Insperity in the fourth quarter valued at $34,000. Bremer Trust National Association purchased a new stake in shares of Insperity in the fourth quarter valued at $48,000. Quantamental Technologies LLC purchased a new stake in shares of Insperity in the fourth quarter valued at $65,000. Finally, Northern Oak Wealth Management Inc. purchased a new stake in shares of Insperity in the third quarter valued at $106,000. Institutional investors own 81.24% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, January 15th. Roth Capital increased their target price on Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. ValuEngine upgraded Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, SunTrust Banks increased their target price on Insperity to $129.00 and gave the stock a “hold” rating in a research report on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $123.80.
In other news, EVP Jay E. Mincks sold 8,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $124.90, for a total value of $999,200.00. Following the completion of the sale, the executive vice president now owns 71,163 shares in the company, valued at $8,888,258.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard G. Rawson sold 4,166 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $127.07, for a total value of $529,373.62. Following the completion of the sale, the director now owns 105,919 shares of the company’s stock, valued at approximately $13,459,127.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,974 shares of company stock valued at $15,871,882. Insiders own 9.58% of the company’s stock.
Shares of NYSE:NSP opened at $124.56 on Friday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 1.68 and a beta of 1.10. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.86. Insperity Inc has a 12 month low of $67.00 and a 12 month high of $132.50.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, February 11th. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The company had revenue of $966.80 million during the quarter, compared to analyst estimates of $959.22 million. Insperity had a return on equity of 126.19% and a net margin of 3.52%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. Research analysts predict that Insperity Inc will post 4.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Insperity’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.96%. Insperity’s dividend payout ratio is currently 23.74%.
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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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