Metropolitan Life Insurance Co. NY grew its position in shares of Insperity Inc (NYSE:NSP) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,329 shares of the business services provider’s stock after buying an additional 831 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Insperity were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of NSP. State Board of Administration of Florida Retirement System lifted its position in Insperity by 47.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 37,087 shares of the business services provider’s stock valued at $3,533,000 after purchasing an additional 11,948 shares during the period. First Trust Advisors LP lifted its position in Insperity by 10.4% during the second quarter. First Trust Advisors LP now owns 56,647 shares of the business services provider’s stock valued at $5,396,000 after purchasing an additional 5,335 shares during the period. BlackRock Inc. lifted its position in Insperity by 14.1% during the second quarter. BlackRock Inc. now owns 6,139,453 shares of the business services provider’s stock valued at $584,781,000 after purchasing an additional 757,054 shares during the period. Engineers Gate Manager LP lifted its position in Insperity by 46.2% during the second quarter. Engineers Gate Manager LP now owns 33,353 shares of the business services provider’s stock valued at $3,177,000 after purchasing an additional 10,534 shares during the period. Finally, Federated Investors Inc. PA lifted its position in Insperity by 1,321.7% during the second quarter. Federated Investors Inc. PA now owns 97,869 shares of the business services provider’s stock valued at $9,322,000 after purchasing an additional 90,985 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Shares of Insperity stock opened at $115.00 on Friday. The company has a market cap of $4.86 billion, a P/E ratio of 56.37, a P/E/G ratio of 2.04 and a beta of 0.86. Insperity Inc has a twelve month low of $41.23 and a twelve month high of $121.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.15.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.08. The company had revenue of $922.30 million for the quarter, compared to the consensus estimate of $900.20 million. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. research analysts anticipate that Insperity Inc will post 3.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 annualized dividend and a yield of 0.70%. Insperity’s payout ratio is presently 39.22%.
In other Insperity news, CEO Paul J. Sarvadi sold 3,471 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $104.00, for a total value of $360,984.00. Following the transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at $60,533,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas S. Sharp sold 1,823 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $115.60, for a total transaction of $210,738.80. Following the completion of the transaction, the senior vice president now owns 19,967 shares in the company, valued at $2,308,185.20. The disclosure for this sale can be found here. Insiders sold 169,663 shares of company stock worth $18,651,192 over the last quarter. Insiders own 9.58% of the company’s stock.
A number of brokerages recently weighed in on NSP. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Tuesday, August 7th. First Analysis restated an “equal weight” rating on shares of Insperity in a research report on Thursday, August 2nd. Finally, Roth Capital increased their price objective on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $104.80.
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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