Schroder Investment Management Group boosted its stake in Insperity Inc (NYSE:NSP) by 139.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,064 shares of the business services provider’s stock after purchasing an additional 9,948 shares during the period. Schroder Investment Management Group’s holdings in Insperity were worth $979,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. New Amsterdam Partners LLC NY bought a new position in Insperity during the third quarter worth $3,858,000. JPMorgan Chase & Co. lifted its position in shares of Insperity by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 403,874 shares of the business services provider’s stock valued at $35,197,000 after purchasing an additional 23,527 shares in the last quarter. Bowling Portfolio Management LLC lifted its position in shares of Insperity by 96.3% during the fourth quarter. Bowling Portfolio Management LLC now owns 20,166 shares of the business services provider’s stock valued at $1,157,000 after purchasing an additional 9,894 shares in the last quarter. State Street Corp increased its holdings in Insperity by 9.2% during the second quarter. State Street Corp now owns 440,908 shares of the business services provider’s stock worth $31,305,000 after buying an additional 37,007 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Insperity by 45.8% during the third quarter. Janney Montgomery Scott LLC now owns 9,103 shares of the business services provider’s stock worth $801,000 after buying an additional 2,860 shares during the last quarter. 83.49% of the stock is owned by institutional investors and hedge funds.
NSP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Monday, February 19th. Roth Capital lifted their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.00.
In other Insperity news, SVP Douglas S. Sharp sold 3,000 shares of Insperity stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $70.17, for a total value of $210,510.00. Following the transaction, the senior vice president now owns 31,955 shares in the company, valued at $2,242,282.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas S. Sharp sold 3,096 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $64.51, for a total value of $199,722.96. 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. Corporate insiders own 13.92% of the company’s stock.
Shares of Insperity Inc (NYSE NSP) traded down $0.55 during trading hours on Wednesday, hitting $68.90. 91,407 shares of the stock traded hands, compared to its average volume of 221,447. Insperity Inc has a 52-week low of $34.88 and a 52-week high of $71.55. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market cap of $2,916.35, a PE ratio of 33.88, a PEG ratio of 1.44 and a beta of 0.88.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.37). The company had revenue of $826.50 million for the quarter, compared to analysts’ expectations of $813.28 million. Insperity had a net margin of 2.55% and a return on equity of 102.86%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. equities analysts forecast that Insperity Inc will post 2.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. This is an increase from Insperity’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 7th. Insperity’s dividend payout ratio (DPR) is 40.20%.
Insperity announced that its board has approved a share buyback plan on Thursday, November 16th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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