Advisors Asset Management Inc. Trims Stake in Insperity Inc (NSP)

Advisors Asset Management Inc. cut its holdings in Insperity Inc (NYSE:NSP) by 71.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,631 shares of the business services provider’s stock after selling 11,622 shares during the period. Advisors Asset Management Inc.’s holdings in Insperity were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Private Capital Group LLC increased its holdings in shares of Insperity by 566.1% in the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock worth $104,000 after buying an additional 934 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Insperity in the 2nd quarter worth about $124,000. Advisory Services Network LLC bought a new stake in shares of Insperity in the 2nd quarter worth about $164,000. Macquarie Group Ltd. increased its holdings in shares of Insperity by 53.8% in the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after buying an additional 700 shares during the last quarter. Finally, Advisors Preferred LLC increased its holdings in shares of Insperity by 825.0% in the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after buying an additional 1,881 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

NSP has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Tuesday, August 7th. First Analysis reiterated an “equal weight” rating on shares of Insperity in a report on Thursday, August 2nd. Finally, Roth Capital upped their price target on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $104.80.

In related news, CEO Paul J. Sarvadi sold 3,471 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $104.00, for a total transaction of $360,984.00. Following the transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at approximately $60,533,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Paul J. Sarvadi sold 45,000 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $104.97, for a total transaction of $4,723,650.00. Following the transaction, the chairman now owns 582,052 shares in the company, valued at $61,097,998.44. The disclosure for this sale can be found here. Insiders have sold a total of 169,663 shares of company stock worth $18,651,192 over the last quarter. 9.58% of the stock is currently owned by insiders.

Shares of NYSE:NSP opened at $107.92 on Friday. The stock has a market cap of $4.94 billion, a P/E ratio of 53.20, a PEG ratio of 2.07 and a beta of 0.81. Insperity Inc has a 12 month low of $46.03 and a 12 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 results on Wednesday, August 1st. The business services provider reported $0.68 EPS for the quarter, beating the 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 was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. On average, equities analysts forecast that Insperity Inc will post 3.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, September 14th. This represents a $0.80 annualized dividend and a yield of 0.74%. Insperity’s payout ratio is 39.22%.

About Insperity

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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