Todays Report: Today, Profit Investment Management LLC Holds Position in Insperity Inc. (NSP)

Today, Profit Investment Management LLC Holds Position in Insperity Inc. (NSP)

Profit Investment Management LLC maintained its stake in shares of Insperity Inc. (NYSE:NSP) during the third quarter, Holdings Channel reports. The fund owned 29,214 shares of the company’s stock at the end of the third quarter. Insperity comprises approximately 2.1% of Profit Investment Management LLC’s portfolio, making the stock its 9th largest position. Profit Investment Management LLC’s holdings in Insperity were worth $2,122,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NSP. Advisor Group Inc. acquired a new stake in shares of Insperity during the second quarter worth approximately $104,000. Victory Capital Management Inc. boosted its stake in shares of Insperity by 77.5% in the second quarter. Victory Capital Management Inc. now owns 1,759 shares of the company’s stock worth $136,000 after buying an additional 768 shares during the period. Bank of Montreal Can acquired a new stake in shares of Insperity during the second quarter worth approximately $136,000. PineBridge Investments L.P. boosted its stake in shares of Insperity by 4.4% in the second quarter. PineBridge Investments L.P. now owns 2,061 shares of the company’s stock worth $159,000 after buying an additional 87 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Insperity by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,080 shares of the company’s stock worth $161,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 83.16% of the company’s stock.

Shares of Insperity Inc. (NYSE:NSP) traded down 0.75% during mid-day trading on Monday, hitting $72.95. 214,316 shares of the stock were exchanged. The stock’s 50 day moving average is $72.31 and its 200 day moving average is $72.17. Insperity Inc. has a 12 month low of $41.83 and a 12 month high of $82.18. The firm has a market cap of $1.55 billion, a P/E ratio of 25.74 and a beta of 0.92.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company earned $702.50 million during the quarter, compared to the consensus estimate of $710.30 million. Insperity had a return on equity of 67.31% and a net margin of 2.18%. Insperity’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Analysts expect that Insperity Inc. will post $3.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Insperity’s dividend payout ratio is presently 34.48%.

Separately, Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, August 3rd.

In related news, Director Peter A. Feld sold 187,858 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $73.24, for a total value of $13,758,719.92. Following the completion of the sale, the director now directly owns 4,591 shares in the company, valued at $336,244.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Douglas S. Sharp sold 4,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $71.55, for a total value of $286,200.00. Following the completion of the sale, the senior vice president now owns 17,907 shares of the company’s stock, valued at $1,281,245.85. The disclosure for this sale can be found here. 27.47% of the stock is owned by corporate insiders.

Insperity Company Profile

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.

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