Aperio Group LLC Reduces Stake in Insperity, Inc. (NSP)
Aperio Group LLC lowered its position in Insperity, Inc. (NYSE:NSP) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,451 shares of the business services provider’s stock after selling 35 shares during the period. Aperio Group LLC’s holdings in Insperity were worth $387,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in shares of Insperity during the first quarter worth about $120,000. Meeder Asset Management Inc. acquired a new position in shares of Insperity during the first quarter worth about $129,000. Bank of Montreal Can boosted its position in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after buying an additional 19 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock worth $175,000 after buying an additional 1,249 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock worth $183,000 after buying an additional 10 shares during the last quarter. Institutional investors own 79.72% of the company’s stock.
Insperity, Inc. (NSP) traded down 1.56% during trading on Wednesday, hitting $78.90. 24,145 shares of the stock were exchanged. The stock’s 50-day moving average price is $77.77 and its 200-day moving average price is $80.93. The firm has a market cap of $1.64 billion, a PE ratio of 22.85 and a beta of 0.76. Insperity, Inc. has a 12-month low of $64.55 and a 12-month high of $93.65.
Insperity (NYSE:NSP) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The firm had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities analysts expect that Insperity, Inc. will post $4.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 7th. Insperity’s payout ratio is 34.68%.
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NSP has been the subject of a number of research reports. Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, August 7th. Finally, BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $94.00.
In other Insperity news, Chairman Paul J. Sarvadi sold 14,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.02, for a total value of $1,183,735.86. Following the sale, the chairman now owns 252,248 shares in the company, valued at approximately $20,184,884.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mckenna Michelle sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $79.69, for a total value of $47,814.00. Following the completion of the sale, the director now owns 1,145 shares in the company, valued at approximately $91,245.05. The disclosure for this sale can be found here. Insiders sold a total of 106,310 shares of company stock worth $8,928,263 in the last 90 days. Company insiders own 13.92% of the company’s stock.
Insperity Company Profile
Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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