Crossmark Global Holdings Inc. cut its stake in Insperity Inc (NYSE:NSP) by 11.7% in the third quarter, Holdings Channel reports. The firm owned 3,110 shares of the business services provider’s stock after selling 411 shares during the period. Crossmark Global Holdings Inc.’s holdings in Insperity were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in Insperity in the 1st quarter worth approximately $25,000. Jacobi Capital Management LLC boosted its stake in Insperity by 3,076.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 413 shares of the business services provider’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE boosted its stake in Insperity by 788.6% in the 1st quarter. US Bancorp DE now owns 1,013 shares of the business services provider’s stock worth $38,000 after purchasing an additional 899 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Insperity by 20.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 893 shares of the business services provider’s stock worth $58,000 after purchasing an additional 150 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Insperity by 104.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the business services provider’s stock worth $64,000 after purchasing an additional 874 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.
In related news, Director Richard G. Rawson sold 1,550 shares of Insperity stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $70.17, for a total value of $108,763.50. Following the sale, the director now owns 102,300 shares of the company’s stock, valued at approximately $7,178,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard G. Rawson sold 610 shares of Insperity stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $73.12, for a total transaction of $44,603.20. Following the completion of the sale, the director now directly owns 100,250 shares in the company, valued at approximately $7,330,280. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,283 shares of company stock valued at $6,107,871. Insiders own 6.86% of the company’s stock.
A number of analysts recently commented on NSP shares. Truist lifted their target price on shares of Insperity from $74.00 to $84.00 in a research note on Wednesday. Sidoti initiated coverage on shares of Insperity in a research report on Thursday, October 8th. They set a “buy” rating for the company. ValuEngine lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Finally, Roth Capital raised their price target on shares of Insperity from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Insperity has a consensus rating of “Hold” and a consensus price target of $74.80.
NYSE:NSP opened at $73.66 on Friday. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60. The company has a 50 day moving average price of $67.30 and a 200-day moving average price of $58.88. Insperity Inc has a 1-year low of $22.59 and a 1-year high of $107.69.
Insperity (NYSE:NSP) last posted its earnings results on Monday, August 3rd. The business services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.45. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $1 billion. Insperity had a net margin of 3.69% and a return on equity of 741.70%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, sell-side analysts anticipate that Insperity Inc will post 3.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, September 10th. Insperity’s dividend payout ratio (DPR) is 43.24%.
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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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