Insperity Inc. (NSP) To Go Ex-Dividend on November 29th
Insperity Inc. (NYSE:NSP) declared a quarterly dividend on Wednesday, November 16th. Investors of record on Thursday, December 1st will be given a dividend of 0.25 per share on Thursday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 29th.
Insperity (NYSE:NSP) opened at 73.15 on Thursday. Insperity has a 52 week low of $41.83 and a 52 week high of $82.18. The company has a 50-day moving average price of $72.40 and a 200-day moving average price of $71.97. The stock has a market cap of $1.56 billion, a PE ratio of 25.81 and a beta of 0.92.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The business had revenue of $702.50 million for the quarter, compared to analyst estimates of $710.30 million. Insperity had a return on equity of 67.31% and a net margin of 2.18%. Insperity’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Analysts anticipate that Insperity will post $3.56 earnings per share for the current year.
In other news, President Richard G. Rawson sold 8,886 shares of the company’s 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 transaction, the president now owns 131,844 shares of the company’s stock, valued at $8,836,184.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas S. Sharp sold 4,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $71.55, for a total value of $286,200.00. Following the transaction, the senior vice president now directly owns 17,907 shares in the company, valued at approximately $1,281,245.85. The disclosure for this sale can be found here. Insiders own 27.47% of the company’s stock.
Several institutional investors have recently modified their holdings of NSP. BlackRock Fund Advisors raised its position in shares of Insperity by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,025,914 shares of the company’s stock valued at $79,231,000 after buying an additional 21,476 shares during the period. Northern Trust Corp raised its position in shares of Insperity by 5.1% in the third quarter. Northern Trust Corp now owns 221,458 shares of the company’s stock valued at $16,087,000 after buying an additional 10,727 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Insperity by 12.4% in the second quarter. TIAA CREF Investment Management LLC now owns 158,980 shares of the company’s stock valued at $12,278,000 after buying an additional 17,573 shares during the period. Panagora Asset Management Inc. raised its position in shares of Insperity by 1.4% in the second quarter. Panagora Asset Management Inc. now owns 149,687 shares of the company’s stock valued at $11,560,000 after buying an additional 2,042 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Insperity by 277.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 117,300 shares of the company’s stock valued at $8,520,000 after buying an additional 86,200 shares during the period. 82.89% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Insperity from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd.
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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