Insperity Inc. (NSP) Stake Raised by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC boosted its stake in Insperity Inc. (NYSE:NSP) by 8.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 506,928 shares of the company’s stock after buying an additional 37,938 shares during the period. Insperity comprises approximately 2.4% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 4th largest position. Copper Rock Capital Partners LLC owned 2.37% of Insperity worth $36,823,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. KAMES CAPITAL plc boosted its position in shares of Insperity by 57.6% in the second quarter. KAMES CAPITAL plc now owns 21,335 shares of the company’s stock valued at $1,648,000 after buying an additional 7,796 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of Insperity during the second quarter valued at about $245,000. Sterling Capital Management LLC purchased a new position in shares of Insperity during the second quarter valued at about $971,000. Calvert Investment Management Inc. purchased a new position in shares of Insperity during the second quarter valued at about $3,241,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Insperity by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 92,113 shares of the company’s stock valued at $7,114,000 after buying an additional 2,400 shares in the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.
Insperity Inc. (NYSE:NSP) traded down 0.08% during trading on Thursday, hitting $73.76. The stock had a trading volume of 16,757 shares. The firm’s 50-day moving average price is $69.22 and its 200-day moving average price is $67.34. The stock has a market cap of $1.58 billion, a PE ratio of 27.88 and a beta of 1.01. Insperity Inc. has a 1-year low of $41.83 and a 1-year high of $82.18.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The business earned $707.33 million during the quarter, compared to analyst estimates of $720.85 million. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that Insperity Inc. will post $3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, September 15th. Insperity’s dividend payout ratio (DPR) is 36.76%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Insperity from a “hold” rating to a “sell” rating in a report on Monday. First Analysis cut Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a report on Thursday, July 7th.
In other Insperity news, President Richard G. Rawson sold 8,886 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $67.02, for a total transaction of $595,539.72. Following the completion of the transaction, the president now directly owns 131,844 shares of the company’s stock, valued at approximately $8,836,184.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael W. Brown sold 20,513 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $67.02, for a total value of $1,374,781.26. Following the transaction, the director now directly owns 16,058 shares of the company’s stock, valued at $1,076,207.16. 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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