Smith Asset Management Group LP raised its position in Insperity Inc. (NYSE:NSP) by 3.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,022 shares of the company’s stock after buying an additional 960 shares during the period. Smith Asset Management Group LP owned 0.14% of Insperity worth $2,181,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of NSP. Meeder Asset Management Inc. purchased a new stake in Insperity during the second quarter valued at approximately $440,000. New York State Teachers Retirement System boosted its stake in Insperity by 7.6% in the second quarter. New York State Teachers Retirement System now owns 65,466 shares of the company’s stock valued at $5,056,000 after buying an additional 4,600 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Insperity during the second quarter valued at approximately $1,201,000. First Quadrant L P CA boosted its stake in Insperity by 610.3% in the second quarter. First Quadrant L P CA now owns 20,600 shares of the company’s stock valued at $1,591,000 after buying an additional 17,700 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Insperity by 44.6% in the second quarter. Acadian Asset Management LLC now owns 740,042 shares of the company’s stock valued at $57,155,000 after buying an additional 228,193 shares during the last quarter. 82.89% of the stock is owned by institutional investors and hedge funds.
Shares of Insperity Inc. (NYSE:NSP) traded up 0.48% during mid-day trading on Friday, hitting $73.50. 59,722 shares of the stock traded hands. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 25.94 and a beta of 0.92. Insperity Inc. has a 52 week low of $41.83 and a 52 week high of $82.18. The stock has a 50-day moving average of $72.34 and a 200-day moving average of $72.03.
Insperity (NYSE:NSP) last announced its earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Insperity had a return on equity of 67.31% and a net margin of 2.18%. The company had revenue of $702.50 million for the quarter, compared to analyst estimates of $710.30 million. During the same period in the prior year, the company posted $0.57 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Insperity Inc. will post $3.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 29th. Insperity’s dividend payout ratio is currently 34.48%.
Separately, Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, August 3rd.
In other Insperity news, Director Michael W. Brown sold 20,513 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $67.02, for a total transaction of $1,374,781.26. Following the sale, the director now owns 16,058 shares in the company, valued at approximately $1,076,207.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jay E. Mincks sold 1,500 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $69.55, for a total value of $104,325.00. The disclosure for this sale can be found here. Corporate insiders own 27.47% of the company’s stock.
Insperity, Inc (Insperity) provides an array 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, government compliance, performance management, and training and development services.